Phillips 66, Permian Basin

Phillips 66 buying Permian Basin-focused natural gas liquids business for $2.2 billion
Houston-based Phillips 66 (NYSE: PSX) will buy the natural gas liquids business of a Texas-based midstream company for $2.2 billion in cash. The acquired businesses — EPIC Y-Grade GP LLC and EPIC Y-Grade LP — own various subsidiaries and long-haul NGL pipelines, fractionation facilities and distribution systems connected to the Permian Basin.
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.
Phillips 66 Strikes $2.2 Billion EPIC NGL Deal to Boost Natural Gas Liquids Bet
(Reuters) - U.S. oil refiner Phillips 66 said on Monday it will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash deal for $2.2 billion. The transaction is expected to be immediately accretive to earnings per share upon close, it added.
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 grow Permian midstream business with EPIC NGL acquisition
"This transaction bolsters Phillips 66's position as a leading integrated downstream energy provider," said Mark Lashier, chairman and CEO of Phillips 66. "This transaction optimizes our Permian NGL value chain,
Tips for your utilities in this cold weather
With freezing temperatures hitting the Permian Basin this week, taking extra precautions in your home and on the road can ...
Midland Reporter-Telegram on MSN15h
Chance Midland will see snow this week grows more likely
A winter storm may bring snow to the Permian Basin, prompting ERCOT to request electricity conservation amid the cold snap.
U.S. LNG Cos Must Comply With International Methane Rules To Compete
It’s up to the natural gas industry to reduce methane emissions, not the Trump Administration. They must compete ...
Biden order expands Trump’s offshore drilling ban from 2020
An energy industry researcher says, despite both praise and criticism of President Joe Biden’s executive order banning ...
Midland Reporter-Telegram on MSN23h
DPS urges Texans to prepare for winter weather in Permian Basin
Texans should stay vigilant and prepared as winter weather approaches the Permian Basin, advises the Texas Department of ...
Bargain Civitas Resources Is Speculatively Interesting
Learn about Civitas Resources, a $4.6 billion oil and gas producer with a fixed dividend yield of 4.2% and an intriguing ...