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Phillips 66, NGL and EPIC
Phillips 66 to buy EPIC NGL for $2.2 billion in bid to boost Permian presence
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 Permian presence.
Phillips 66 to Acquire Midstream NGL Assets in Permian from EPIC
Phillips 66 has signed a deal to acquire EPIC Y-Grade GP LLC and EPIC Y-Grade LP for $2.2 billion, expanding its midstream footprint in the Permian Basin. The two, part of EPIC Consolidated Operations LLC, own natural gas liquids (NGL) pipelines, fractionation facilities and distribution systems.
Phillips 66 Powers Up With $2.2 Billion Deal For EPIC Y-Grade's NGL Business
Phillips 66 to acquire EPIC NGL business for $2.2 billion in cash. Assets include fractionators, pipelines, and plans for expansion, increasing earnings per share.
Phillips 66 to buy EPIC NGL in $2.2B deal to boost Permian midstream business
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 business.
Epic NGL Deal: Phillips 66 Strikes $2.2 Billion All-Cash Acquisition To Boost Natural Gas Liquids Bet
US oil refiner Phillips 66 said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator Epic NGL in
Phillips 66 to Buy EPIC NGL for $2.2 Billion in Permian Bet (3)
Phillips 66 agreed to acquire EPIC NGL, an owner of natural gas liquids pipelines, for $2.2 billion in cash as it moves to expand its transport business in the Permian basin in the southwestern US.
Phillips 66 to Strengthen NGL Foothold With $2.2B EPIC NGL Deal
PSX states that the EPIC NGL acquisition is expected to generate attractive returns for the company and be immediately accretive to its earnings per share.
Phillips set to expand its Texas natural gas liquids business with $2.2B purchase
Phillips 66 said it would buy a Texas network of natural gas liquids pipelines and processing facilities from Epic NGL for $2.2 billion.
4d
Phillips 66 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of ...
The Business Journals
4d
Phillips 66 buying Permian Basin-focused natural gas liquids business for $2.2 billion
That includes two fractionators near Corpus Christi, approximately 350 miles of purity distribution pipelines and an approximately 885-mile
NGL
pipeline linking production from the
Permian
Basin ...
2d
Why You're Not Bullish Enough On 7%-Yielding Energy Transfer
Energy Transfer's dividend yield is backed by robust cash flows, undervaluation, and growth potential. Learn why ET stock is ...
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