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 ...

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).

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

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

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 ...

EPIC Midstream Holdings, LP (“EPIC”) announced today that it has completed the sale of EPIC Olefins, LP and EPIC Olefins, GP LLC (together “EPIC Olefins”) to Howard Energy Partners on December 23 rd, ...

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 ...

US energy company Phillips 66 has entered a definitive agreement to acquire EPIC Y-Grade GP and EPIC Y-Grade for a total cash consideration of $2.2bn. The two entities hold subsidiaries ...