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

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 ...

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 ...

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 ...

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 ...

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

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 ...

Phillips 66 aims to expand its Permian Basin NGL value chain by acquiring these key assets. Furthermore, EPIC NGL’s extensive infrastructure should enable PSX to offer extensive flow assurance ...

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 ...