Brazos Midstream Completes Sale of Midland Basin Assets to ONEOK
Business Wire•06/10/2026•16:33 ET
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Key Highlights
- ➤ONEOK (OKE) completes $4.425 billion acquisition of Brazos’ Midland Basin assets
- ➤Brazos Midland system includes approximately 700 miles of gathering pipelines
- ➤Assets include 1.1 billion cubic feet per day of combined processing capacity
- ➤Brazos completed Delaware Basin asset sale to Western Midstream earlier this year
Expert Statements
Brad Iles, Chief Executive Officer of Brazos Midstream
“This transaction represents an important milestone for Brazos and is a testament to the best-in-class assets our team has built in the Midland Basin.”
Brad Iles, Chief Executive Officer of Brazos Midstream
“We appreciate ONEOK’s collaborative approach and are confident these assets are well positioned for continued growth under their ownership.”
Brad Iles, Chief Executive Officer of Brazos Midstream
“Most importantly, my partners and I want to recognize the entire Brazos team, whose hard work, ingenuity and commitment to our customers made this achievement possible.”
Brad Iles, Chief Executive Officer of Brazos Midstream
“Over the last four years, our team worked tirelessly and against great odds to build our Midland business and we could not be more proud of what we accomplished together.”
Brad Iles, Chief Executive Officer of Brazos Midstream
“We are also incredibly grateful to our financial partners, Old Ironsides Energy and EnCap Flatrock Midstream, for their longstanding support and commitment as we executed our plan in the Midland Basin.”
Brazos Midstream Completes Sale of Midland Basin Assets to ONEOK
Brazos Midstream (“Brazos”) today announced the closing of the previously announced sale of its Midland Basin natural gas gathering and processing assets to ONEOK, Inc. (NYSE: OKE) for $4.425 billion.
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