Phillips 66 is set to buy EPIC Y-Grade for $2.2 billion, enhancing its NGL pipeline and fractionation capacity.

The EPIC NGL assets include two fractionators, 350 miles of pipelines and an 885-mile natural gas liquids (NGL) pipeline with a capacity of 175,000 barrels per day (bpd).

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 ...

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

Phillips 66 (NYSE:PSX) is a multinational energy company worth almost $50 billion. The company recently announced a more than $2 billion acquisition to expand its midstream portfolio. We last ...

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries ...

Phillips 66 is buying EPIC NGL for $2.2 billion in cash as it looks to expand its push into natural gas liquid production in the Permian Basin in the Southwest U.S. The purchase, which includes ...

Phillips 66 has reached a definitive agreement to acquire EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own subsidiaries ...

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 ...

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 ...