Phillips 66 (NYSE:PSX) said Monday it agreed to acquire long-haul natural gas liquids pipeline owner EPIC NGL LP for $2.2B in cash, in a deal to help the refiner boost its Permian Basin midstream ...

U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its ...

EPIC NGL has also identified a third fractionation facility that could bring its fractionation capacity up to 280 MBD. The facilities connect Permian production to Gulf Coast refiners ...

Houston-based oil refiner Phillips 66 has announced a $2.2 billion acquisition of pipeline assets from EPIC, a Texas-based midstream service provider.

in connection to EPIC NGL's process of increasing its pipeline capacity. Around 85% of U.S. NGL production is centered in the Permian Basin oil field and a majority of them are exported ...

The company's $2 billion acquisition enables the company to focus on one of the largest basins in the world, the Permian Basin. The company is able to expand its supply portfolio, gathering ...

An announcement from Phillips 66 ( (PSX) ) is now available. Phillips 66 announced its agreement to acquire EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for $2.2 billion, a move expected to enhance its ...

US energy company Phillips 66 has entered a definitive agreement to acquire EPIC Y-Grade GP and EPIC Y-Grade for a total cash consideration of $2.2bn. The two entities hold subsidiaries, pipelines ...

CEO Mark Lashier commented that the acquisition optimizes the company’s Permian NGL value chain and ... its 2025 capital program, even as EPIC NGL works to expand its pipeline capacity.

in connection to Epic NGL's process of increasing its pipeline capacity. Around 85% of US NGL production is centred in the Permian Basin oil field and a majority of them are exported, according to ...