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

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 ...

Bank of America Securities analyst Jean Ann Salisbury maintained a Buy rating on Phillips 66 (PSX – Research Report) yesterday and set a price ...

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 ...

Phillips 66 PSX, a leading U.S.-based refining player, has announced a major acquisition involving the Ares-backed midstream business EPIC NGL. The company has signed an agreement to acquire EPIC ...

The two entities hold subsidiaries, pipelines, fractionation facilities and distribution systems, collectively known as EPIC NGL. This move is expected to immediately enhance the company's ...

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 ...

The EPIC NGL business consists of two fractionators (170 MBD) near Corpus Christi, Texas, approximately 350 miles of purity distribution pipelines and an approximately 885-mile NGL pipeline (175 ...

Jan 6 (Reuters) - U.S. oil refiner Phillips 66 (PSX.N), opens new tab said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator EPIC NGL in an ...

U.S. oil refiner Phillips 66 said 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 ...