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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 set to expand its Texas natural gas liquids business with $2.2B purchase
Phillips 66 said Monday it would buy a Texas network of natural gas liquids pipelines and processing facilities from Epic NGL for $2.2 billion. The Houston oil giant has said it aims to boost its sales of natural gas liquids such as ethane,
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,
19h
on MSN
U.S. natural gas surges as severe winter storms seen hiking demand, cutting supplies
U.S. natural gas futures jumped to their biggest gain of the new year, as strong weather-driven demand is now seen extending ...
6h
Nicor Gas launches first renewable natural gas interconnection in Illinois, US
The renewable natural gas (RNG) facility in Rockford, Illinois, is located next to the Winnebago Landfill and is operated by ...
4h
Natural Gas News: Traders Eye $3.766 Pivot as Futures Face Downward Pressure
U.S. natural gas futures dip after failing to breach $3.766 resistance. Traders watch weather models and demand outlook for ...
18h
on MSN
Natural gas showing signs of life, says Strategas’ Chris Verrone
The power of craftsmanship meets creativity in these stunning art forms. From delicate sculptures to vibrant paintings, watch ...
8h
Trump weighing executive order protecting gas stoves, sources say
President-Elect Donald Trump is weighing an executive order that seeks to protect gas-powered appliances including stoves and ...
1d
Natural Gas Price Outlook – Natural Gas Continues to Find Buyers
The natural gas market continues to look lively, as buyers came back into the market. The market continues to look at the $4 ...
1d
on MSN
Natural gas production under pressure from cold weather, says Energy Aspect's Amrita Sen
Amrita Sen, Energy Aspect founder and director of research, joins CNBC's 'Squawk Box' to discuss energy prices as January ...
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