ONEOK Doubles Permian Processing Power | Oklahoma City News

ONEOK is making a massive $4.43 billion move by acquiring Brazos Midstream’s Permian Basin natural gas assets—doubling its processing capacity there and riding the wave of booming oil & gas production and soaring LNG demand. The deal, closing by end of 2026, is expected to immediately boost earnings and free cash flow, funded by Apollo Global Management’s $9 billion equity investment in a new holding company. These assets will seamlessly integrate with ONEOK’s existing Permian operations, expanding its footprint alongside giants like ExxonMobil and Diamondback Energy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0dc0cbc619bdfb3a