Oneok Bets $4.425 Billion on Brazos Assets To Expand Permian Operations
ONEOK plans to acquire Brazos Midstream’s Permian Midland Basin assets for $4.425 billion, more than doubling its processing capacity to approximately 2.3 Bcf/d.
ONEOK is spending a huge amount of money to buy equipment and pipes in an oil and gas area so it can handle more oil and gas moving through its system. When a company invests big money to grow, watch whether it makes money from that growth or gets into trouble paying for it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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