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Phillips 66 to grow Permian midstream business with EPIC NGL acquisition

Phillips 66 has announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems for total cash consideration of US$2.2 billion.

 

EnCap Flatrock Midstream completes two transactions with Plains All American

EnCap Flatrock Midstream (EFM) has announced the execution of two separate definitive agreements to sell Ironwood Midstream Energy Partners II, LLC and all EFM-owned and outstanding Plains Series A Preferred Units to Plains All American, L.P for over US$800 million in cash.