The Daily Buyout
$4.4BStrategic acquisitionEnergy & Utilities

ONEOK to Buy Brazos Midstream Permian Assets for $4.425 Billion

ONEOK agreed to acquire Brazos Midstream's Permian Midland Basin gas gathering and processing assets for $4.425 billion cash, funded by a $9 billion nonvoting minority equity investment from Apollo funds.

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More Energy & Utilities deals

UndisclosedMergerEnergy & UtilitiesOct 8, 2026

Virginia's lieutenant governor opposes NextEra-Dominion merger

Virginia Lt. Gov. Ghazala Hashmi came out against NextEra Energy's all-stock acquisition of Dominion Energy as state regulators began local public hearings. She cited risks from NextEra's many riskier project entities; NextEra said it respectfully disagrees and that Dominion Energy Virginia would remain fully regulated.