{"id":71139,"date":"2026-08-30T17:38:13","date_gmt":"2026-08-30T21:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oneok-strikes-4-4b-permian-deal-u-s-finalizes-25-year-venezuela-oil-pact\/71139\/"},"modified":"2026-08-30T17:38:13","modified_gmt":"2026-08-30T21:38:13","slug":"oneok-strikes-4-4b-permian-deal-u-s-finalizes-25-year-venezuela-oil-pact","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/oneok-strikes-4-4b-permian-deal-u-s-finalizes-25-year-venezuela-oil-pact\/71139\/","title":{"rendered":"ONEOK Strikes $4.4B Permian Deal; U.S. Finalizes 25-Year Venezuela Oil Pact"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>ONEOK (<a href=\"\/stock\/OKE\">OKE<\/a>)<\/strong> announced a <strong>$4.425 billion<\/strong> acquisition of <strong>Brazos Midstream\u2019s<\/strong> Permian Midland Basin assets, funded by a <strong>$9 billion<\/strong> equity investment from <strong>Apollo Global Management (<a href=\"\/stock\/APO\">APO<\/a>)<\/strong> funds.<\/li>\n<li>The <strong>United States<\/strong> and <strong>Venezuela<\/strong> have reportedly finalized a <strong>25-year energy agreement<\/strong> targeting a production increase of over <strong>1.5 million barrels per day<\/strong> across 17 strategic oilfields.<\/li>\n<li>Global markets are monitoring a potential <strong>50% chance of a Federal Reserve rate hike<\/strong> in September as inflation remains sticky, despite the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> recovering nearly <strong>22%<\/strong> from its March lows.<\/li>\n<li><strong>ONEOK (<a href=\"\/stock\/OKE\">OKE<\/a>)<\/strong> launched a <strong>$2 billion<\/strong> cash tender offer as part of a broader <strong>$5 billion<\/strong> debt repayment plan to deleverage its balance sheet to <strong>3.25x debt-to-EBITDA<\/strong>.<\/li>\n<\/ul>\n<h2>ONEOK\u2019s Multi-Billion Dollar Permian Expansion<\/h2>\n<p>ONEOK (<a href=\"\/stock\/OKE\">OKE<\/a>) made a major move in the energy infrastructure space today, executing a definitive agreement to acquire <strong>Brazos Midstream\u2019s<\/strong> natural gas gathering and processing assets for <strong>$4.425 billion<\/strong>. The deal is expected to be <em>immediately accretive<\/em> to earnings and free cash flow per share, significantly increasing ONEOK&#39;s footprint in the <strong>Permian Midland Basin<\/strong>.<\/p>\n<p>The acquisition is supported by a massive <strong>$9 billion<\/strong> minority equity investment from funds managed by <strong>Apollo Global Management (<a href=\"\/stock\/APO\">APO<\/a>)<\/strong>. This capital infusion allows ONEOK (<a href=\"\/stock\/OKE\">OKE<\/a>) to fund the purchase and extinguish <strong>$5 billion<\/strong> of existing debt without issuing new common equity, accelerating its deleveraging goals.<\/p>\n<h2>U.S.-Venezuela &quot;Historic&quot; Oil Pact<\/h2>\n<p>In a significant geopolitical shift, reports indicate the <strong>U.S.<\/strong> and <strong>Venezuela<\/strong> have established a <strong>25-year framework<\/strong> for energy cooperation. The deal involves developing <strong>17 strategic oilfields<\/strong> with the goal of lifting crude production by more than <strong>1.5 million barrels per day<\/strong>.<\/p>\n<p>While President <strong>Donald Trump<\/strong> previously suggested the U.S. would gain majority control over <strong>65 billion barrels<\/strong> of reserves, Venezuelan officials emphasized that the deal preserves national ownership of resources. This agreement comes as global oil futures recently dipped <strong>4%<\/strong> in a single week due to easing risk premiums in the Middle East.<\/p>\n<h2>Market Sentiment and Economic Outlook<\/h2>\n<p>Investors are weighing these energy developments against a complex macroeconomic backdrop. Despite the ongoing conflict in the Middle East, the <strong>Nasdaq<\/strong> has surged <strong>27%<\/strong> since late March, fueled largely by a &quot;bullish outlook&quot; from <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> that has reinvigorated the AI trade.<\/p>\n<p>However, <em>sticky inflation<\/em> continues to plague the outlook, with some analysts pricing in a <strong>50% probability<\/strong> of a rate hike at the Federal Reserve&#39;s September meeting. <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/strong> remains a popular hedge, holding near a three-month high above <strong>$4,600 an ounce<\/strong> as traders await further guidance from central bank officials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways ONEOK (OKE) announced a $4.425 billion acquisition of Brazos Midstream\u2019s Permian Midland Basin assets, funded by a $9 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