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

Phillips 66 will buy EPIC NGL for $2.2 billion to help the Houston oil refiner grow its Permian midstream business.

The two, part of EPIC Consolidated Operations LLC, own natural gas liquids (NGL) pipelines, fractionation facilities and distribution systems. “This transaction bolsters Phillips 66’s position ...

EPIC NGL is in the process of increasing its pipeline capacity to 225 MBD and has sanctioned a second expansion to increase capacity to 350 MBD. Phillips 66 does not expect to increase its ...

This pipeline network connects production from the Delaware, Midland and Eagle Ford basins to the fractionation sites and Phillips 66's Sweeny Hub. EPIC NGL is boosting its pipeline capacity to ...

Phillips 66 Co. has agreed to buy EPIC Y-Grade GP LLC and EPIC Y-Grade LP, which own various subsidiaries and long-haul NGL pipelines, fractionation, and distribution systems (EPIC NGL ...

Sunrise Movement protesters stormed an oil facility, asserting that oil companies have exacerbated L.A.'s wildfire problems ...

EPIC NGL transaction optimizes Phillips 66's Permian NGL value chain. EPIC NGL's pipeline and fractionation expansions align with Phillips 66's integration strategy. Get Wall Street's Hottest ...

Phillips 66 (NYSE:PSX) hopes its $2.2B purchase of natural gas liquids pipeline operator Epic NGL may help convince Wall Street that it is not just a refiner, but a company with a much broader ...

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 ...

Phillips 66 said Monday it would buy a Texas network of natural gas liquids pipelines and processing facilities from Epic NGL for $2.2 billion. The Houston oil giant has said it aims to boost ...