Phillips 66, Permian Basin and NGL

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,
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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.
Tips for your utilities in this cold weather
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U.S. LNG Cos Must Comply With International Methane Rules To Compete
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DPS urges Texans to prepare for winter weather in Permian Basin
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Biden order expands Trump’s offshore drilling ban from 2020
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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 ...
Midland Reporter-Telegram on MSN21h
Midland opens warming centers as temperatures plunge below freezing
Midland announces four warming centers as temperatures drop below freezing, with a chance of snow later this week.