EPIC NGL, Phillips 66 and Permian

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 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of $2.2 billion.
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 66 to Strengthen NGL Foothold With $2.2B EPIC NGL Deal
Phillips 66 PSX, a leading U.S.-based refining player, has announced a major acquisition involving the Ares-backed midstream business EPIC NGL. The company has signed an agreement to acquire EPIC Y-Grade GP,
Phillips 66 to acquire EPIC NGL assets for $2.2bn
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 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 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,
Closures, Delays and Changes in the Permian Basin, Texas region
First Tee of West Texas will be closed for the next three days starting Tuesday. First Tee is located at 500 Loop 250 Frontage Road, Midland, TX.
Permian Road Safety Coalition announces organizational changes
Michael D. "Mike" Smith was named this week as the first president and CEO of the non-profit Permian Road Safety Coalition (PRSC), which continues its seven-year campaign to reduce the number of ...
Energy Titans to Headline 2025 Permian Basin Water in Energy Conference
Energy leaders Colin P. Fenton, Dan Pickering, and David Capobianco headline the 2025 PBWIEC in Midland, TX, tackling water ...
Oil14h
Plains All American makes bolt-on deals in Eagle Ford, Permian basin, and Mid-Con
Plains All American agreed to three bolt-on acquisition deals growing the crude oil footprint in the Permian, Eagle Ford, and Mid-Con.
Permian Resources: A Compelling Investment, But No Need To Rush
Permian Resources offers a 4.3% dividend yield with a conservative payout ratio. See why I view PR as a potentially ...
Keeping your animal safe during cold weather front
With freezing temperatures hitting the Permian Basin this week, it’s safe to say that everyone around has felt the cold ...
Chevron Highlights Production Growth in Kazakhstan, Permian Basin and Guyana -- OPIS
He also cited the company's use of artificial intelligence in evaluating variations across sub-basins and in predicting well productivity and efficiency. Chevron has had a 15% annual growth rate over ...
Closures and Delays in the Permian Basin, Texas region
First Tee of West Texas will be closed for the next three days starting Tuesday. First Tee is located at 500 Loop 250 ...
Odessa American16h
Biden’s offshore drilling ban draws ire
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.