ONEOK to buy Permian Basin assets from Brazos Midstream in $4.42B deal

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ONEOK to buy Permian Basin assets from Brazos Midstream in $4.42B deal

Aug 30, 2026, 10:15 PM ETONEOK, Inc. (OKE) StockAPOBy : Carl Surran, SA News Editor

ONEOK (OKE) said Sunday it agreed to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425B in cash, to be funded through a $9B non-voting minority equity investment from funds and affiliates managed by Apollo Global Management (

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