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

EPIC Y-Grade GP LLC and EPIC Y-Grade LP own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems.

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).

EPIC NGL is in the process of increasing its pipeline capacity to 225 MBD and has sanctioned a second expansion to increase capacity to 350 MBD. Phillips 66 does not expect to increase its ...

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 ...

Phillips 66 Powers Up With $2.2 Billion Deal For EPIC Y-Grade's NGL Business Phillips 66 to acquire EPIC NGL business for $2.2 billion in cash. Assets include fractionators, pipelines, and plans ...

The oil giant's filing with the SEC indicates that quarterly profits could decrease $1.75 billion sequentially, highlighting ...

US 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 ...

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 ...

This pipeline network connects production from the Delaware, Midland and Eagle Ford basins to the fractionation sites and Phillips 66's Sweeny Hub. EPIC NGL is boosting its pipeline capacity to ...