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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,
1d
Winter Storm Jolts Natural-Gas Prices
The winter storm that has dumped snow across swaths of the country and disrupted travel hit the natural-gas markets Monday, ...
1d
Trump Must Learn The Nation Needs Renewables—Backed Up By Natural Gas
When the sun isn't shining, or the wind isn't blowing, modern peaking plants powered by natural gas can quickly start up, ...
GlobalData on MSN
15h
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 ...
12h
US IPOs From Natural Gas to Bacon Line Up $18 Billion of Deals
Wall Street kicked off the 2025 IPO market with a flurry of paperwork paving the way for some of the year’s biggest potential ...
Crude Oil Prices
12h
Trump Considers Executive Order to Protect Natural Gas Appliances
Incoming U.S. President Donald Trump is preparing an executive order to protect natural gas appliances from federal, state, and local regulations.
Alaska Dispatch News
1h
Unnamed energy company is negotiating takeover of proposed trans-Alaska gas pipeline
The state-owned corporation in charge of developing a trans-Alaska natural gas pipeline said Monday that it is in secret ...
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 ...
5d
on MSN
Natural gas prices spike on forecasts of colder than expected winter
A wave of predictions that a polar vortex will make this January the coldest in years sent natural gas prices up this week, ...
4d
Have Natural-Gas Prices Already Hit Their Winter Peak?
Natural-gas futures are tumbling following fresh forecasts that suggest January won't be quite as cold as traders believed ...
2d
Spartan Delta: Booming Natural Gas Prices Are Huge For Condensate Development
Discover how the recovery in natural gas prices and upcoming LNG facilities will boost Spartan Delta's revenue and cash flow ...
13h
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 ...
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