Oil and Gas
Phillips 66 Acquires EPIC NGL
Phillips 66 (NYSE:PSX) announced the completion of its acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade LP (EPIC NGL) for total cash consideration of about $2.2 billion. EPIC NGL own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems. “This transaction strengthens our position as a leading integrated downstream energy […]