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Earlier Phillips 66 announced a deal to acquire from EPIC natural gas liquids (NGL) pipelines, fractionation facilities and distribution systems in the Permian basin for $2.2 billion.

Phillips 66's recent strategic moves have centered on expanding its midstream capabilities. On January 6, 2025, the company announced the acquisition of EPIC NGL, a significant step in bolstering its ...

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

Phillips 66’s (PSX) $2.2 billion deal with EPIC bolstered a company that’s focused on integrating its NGL business from the Permian to the Gulf Coast, an analyst said. On Jan. 6, PSX announced an ...