Divestiture/carve-outAug 30, 2026Pending
🇺🇸 United States
BMBrazos Midstream's Permian Midland Basin natural gas gathering and processing assetsOONEOK, Inc.
Energy › Midstream
Enterprise value$4.42BEnterprise value
AnnouncedAug 30, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
ONEOK, Inc. agreed to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for total cash consideration of $4.425 billion.
Deal rationale
The acquisition expands ONEOK's scale in the Permian Midland Basin, advances its integrated wellhead-to-water strategy and strengthens connectivity across its natural gas and NGL value chain.
AI-generated from the SEC filingPendingEnergy › MidstreamUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $4.42B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
BBarclays
Sell-side
None listed
Parties
Target
BMBrazos Midstream's Permian Midland Basin natural gas gathering and processing assets
- Headquarters
- United States
- Ticker
- —
Acquirer
OONEOK, Inc.
- Headquarters
- United States
- Ticker
- —
Seller
BMBrazos Midstream
- Headquarters
- —
- Ticker
- —