Fundz

ONEOK to acquire Brazos Midstream assets for $4.425B

PRIVATEOct 03, 2026

Acquiring Company

ONEOK

Acquired Company

Brazos Midstream

TulsaTexasOil And Gas

Description

ONEOK has executed a definitive agreement to acquire Brazos Midstream's Permian Basin natural gas assets for $4.425 billion. The transaction will be funded partly through a $9 billion investment managed by Apollo. This acquisition aligns with ONEOK's strategy to enhance its natural gas operations. Furthermore, it plans to use some proceeds to reduce its existing debt.

Company Information

Company

ONEOK

Location

Tulsa, Oklahoma, United States

About

ONEOK delivers energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

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Frequently asked

Who acquired Brazos Midstream?

Brazos Midstream was acquired by ONEOK, based in Tulsa. The deal was reported on October 3, 2026. ONEOK delivers energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. ONEOK is privately held and operates in Oil And Gas.

When did ONEOK acquire Brazos Midstream?

ONEOK's acquisition of Brazos Midstream was reported on October 3, 2026. ONEOK has executed a definitive agreement to acquire Brazos Midstream's Permian Basin natural gas assets for $4.425 billion. The transaction will be funded partly through a $9 billion investment managed by Apollo. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Brazos Midstream do?

Brazos Midstream is an energy infrastructure company that provides midstream services including natural gas gathering and transportation. Their operations support the energy sector by facilitating the efficient flow of energy resources. It is privately held, and is based in Texas.

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