Old Ironsides, EnCap Flatrock agree Brazos Midland sale to ONEOK for $4.4bn
Brazos Midstream, which the company describes as the largest privately held midstream platform in the Midland Basin, is expanding its processing capacity to 1.2 Bcf/d by 2027 through the Cassidy II plant project. The post Old Ironsides, EnCap Flatrock agree Brazos Midland sale…
Brazos Midstream, which the company describes as the largest privately held midstream platform in the Midland Basin, is expanding its processing capacity to 1.2 Bcf/d by 2027 through the Cassidy II plant project. The post Old Ironsides, EnCap Flatrock agree Brazos Midland sale…
BELLINGS Intelligence Score: 25
Why it matters
The $4.4 billion sale of Brazos Midland, a large privately held midstream platform, to ONEOK represents notable market activity in the energy midstream sector with potential implications for credit and infrastructure financing, but it is a routine private-equity exit and does not materially alter market structure or credit conditions.
Sources
PE Hub
Old Ironsides, EnCap Flatrock agree Brazos Midland sale to ONEOK for $4.4bn
Brazos Midstream, which the company describes as the largest privately held midstream platform in the Midland Basin, is expanding its processing capacity to 1.2 Bcf/d by 2027 through the Cassidy II plant project. The post Old Ironsides, EnCap Flatrock agree Brazos Midland sale…