ONEOK is acquiring Brazos Midstream’s Permian Midland Basin gathering and processing assets for $4.425 billion, adding 700 miles of gathering infrastructure, 1.2 Bcf/d of processing capacity and approximately 600,000 dedicated acres under long-term contracts. The deal will more than double ONEOK’s Midland Basin processing capacity to nearly 2.3 Bcf/d, creating additional opportunities across gathering, compression, automation, pipeline integrity, processing and facility maintenance.

ONEOK reversed flows on part of its Magellan pipeline to move fuel from Oklahoma to Texas, highlighting tightening Gulf Coast inventories. The shift comes as surging exports—particularly record jet fuel shipments—draw more supply overseas amid global shortages.

ONEOK Inc has cleared a key regulatory milestone for its Bighorn Gas Processing Plant in the Delaware Basin, with air permit approval now complete at the state level. The approval supports ONEOK’s recently announced final investment decision (FID) and advances the project from planning into execution.

The Midland Basin is entering another build-out phase—and ONEOK is quietly laying the infrastructure that will anchor the next wave of oil, gas, and NGL development. A newly permitted 38.32-mile hazardous liquid pipeline loop, officially known as the Midland Loop (System ID 691127), signals a major expansion across Andrews, Ector, Martin, and Midland counties.

ONEOK and MPLX’s decision to invest in a $1.4 billion liquefied petroleum gas (LPG) export terminal in Texas City aligns with growing global demand for propane and butane, especially in Asian and European markets.

On August 28, 2024, ONEOK, Inc. (NYSE: OKE) announced its plan to acquire Global Infrastructure Partners’ (GIP) entire interest in EnLink Midstream, LLC (NYSE: ENLC) and Medallion Midstream, LLC, significantly enhancing ONEOK’s presence in the Permian Basin and expanding its footprint in the Mid-Continent, North Texas, and Louisiana regions.