In one of the biggest deals involving Permian Basin pipeline infrastructure, Fort Worth-based Brazos Midstream has sold its natural gas gathering and processing assets for $4.4 billion.
Tulsa-based ONEOK announced Monday it will acquire Brazos Midstream’s Permian Midland Basin assets, significantly expanding its gas infrastructure footprint in one of the country’s largest natural gas producing regions.
The acquisition comes as pipeline operators in the U.S. are benefiting from increased oil and gas output in the Permian Basin, alongside rising natural gas demand amid record liquified natural gas exports…