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Surging domestic natural gas production aimed at powering AI data centers and boosting exports is driving a wave of major industry consolidation, highlighted by ONEOK's $4.4 billion acquisition of Brazos Midstream assets.
Brazos Midstream has commissioned its 300mcf/d Sundance II processing facility, expanding its operational capacity.
ONEOK finalized a major acquisition of Brazos Midstream Partners, significantly increasing its processing and transportation capacity in the prolific Permian Basin.
ONEOK has agreed to purchase Brazos Midstream’s Permian Basin midstream infrastructure in a transaction valued at approximately $4.43 billion. The acquisition significantly expands ONEOK’s operational footprint in one of North America’s most active oil-producing regions.