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.
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Cheniere Energy shares rise after Q2 revenue beat estimates, while the company raised its 2026 adjusted EBITDA and distributable cash flow guidance.
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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.
U.S. natural gas prices rose 2.7% for the week, supported by hot weather, strong LNG export demand, and smaller-than-average storage builds. LNG exports surged 23% year-over-year in the first seven months of 2026. The narrowing inventory surplus and continued LNG growth provide a stronger market setup heading into winter, though risks from rising production and high overseas prices remain.
Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE:LNG) today announced the achievement of two significant milestones: the substantial completion of the Corpus Christi Liquefaction Stage 3 Project
Take-Two Interactive Software, on Aug. 7, reported adjusted earnings were 35 cents per share, topping the analyst consensus of 33 cents.
SpaceX announced plans to build a $100 billion Starbase facility in Louisiana with 10 launch pads, beginning construction in 2027. The facility will be positioned near natural gas pipelines owned by ExxonMobil and Cheniere Energy, which will supply liquefied methane rocket fuel for Starship launches. The author suggests investing in ExxonMobil and Cheniere as better alternatives to SpaceX stock, citing their profitability and dividend yields.