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
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 prop its natural gas liquid bet.
Phillips set to expand its Texas natural gas liquids business with $2.2B purchase
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 its sales of natural gas liquids such as ethane,
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,
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.
Midland Reporter-Telegram on MSN1d
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.
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.
RealClearMarkets8h
Methane Cuts Are Key for Natural Gas, Even Under Donald Trump
The politics of natural gas are again heating up as President-elect Donald Trump prepares for his second term, while domestic ...
StockNews.com Downgrades Permian Basin Royalty Trust (NYSE:PBT) to Hold
Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday. Permian Basin ...
UTPB makes college admission easier through the Common App
The University of Texas Permian Basin is aiming to make the college application process easier by focusing more on academics ...
Odessa American18h
TXOGA report notes record oil tax revenues
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Dangerously low temps on the way
Dangerously low temperatures are heading to the Permian Basin late Wednesday into Thursday. According to the National Weather Service in Midland, Wednesday morning will start off around 22 degrees in ...
Midland Reporter-Telegram on MSN1d
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 ...
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 ...
Riley Exploration unveils gas purchase deal, midstream buildout for New Mexico assets
Riley Exploration Permian enters 15-year gas purchase agreement and plans midstream buildout in Permian Basin, with up to $130M in capital expenditure.