Phillips 66 completes acquisition of EPIC NGL
Phillips 66 (NYSE:PSX) has completed its acquisition of EPIC NGL for $2.2 billion in cash. The acquisition includes two fractionators with 170 MBD capacity near Corpus Christi, Texas, 350 miles of purity distribution pipelines, and an 885-mile NGL pipeline (175 MBD) connecting Delaware, Midland and Eagle Ford basins to fractionation complexes and Phillips 66 Sweeny Hub.
The NGL pipeline is undergoing expansion from 175 MBD to 225 MBD, expected to complete in Q2. A second expansion to 350 MBD is sanctioned for completion in Q4 2026. The assets strategically connect Permian production to Gulf Coast refiners, petrochemical companies, and export markets, integrating with Phillips 66's existing infrastructure.
Phillips 66 (NYSE:PSX) ha completato l'acquisizione di EPIC NGL per 2,2 miliardi di dollari in contante. L'acquisizione include due frazionatori con una capacità di 170 MBD vicino a Corpus Christi, Texas, 350 miglia di oleodotti per la distribuzione di purezza e un oleodotto NGL di 885 miglia (175 MBD) che collega i bacini di Delaware, Midland e Eagle Ford ai complessi di frazionamento e al Phillips 66 Sweeny Hub.
L'oleodotto NGL è in fase di espansione da 175 MBD a 225 MBD, con completamento previsto nel secondo trimestre. Una seconda espansione a 350 MBD è stata autorizzata per il completamento nel quarto trimestre del 2026. Gli asset connettono strategicamente la produzione del Permiano ai raffinatori della Gulf Coast, alle aziende chimiche e ai mercati di esportazione, integrandosi con l'infrastruttura esistente di Phillips 66.
Phillips 66 (NYSE:PSX) ha completado su adquisición de EPIC NGL por 2.2 mil millones de dólares en efectivo. La adquisición incluye dos fraccionadores con una capacidad de 170 MBD cerca de Corpus Christi, Texas, 350 millas de oleoductos de distribución de pureza y un oleoducto NGL de 885 millas (175 MBD) que conecta las cuencas de Delaware, Midland y Eagle Ford con los complejos de fraccionamiento y el Phillips 66 Sweeny Hub.
El oleoducto NGL está en proceso de expansión de 175 MBD a 225 MBD, con finalización prevista para el segundo trimestre. Una segunda expansión a 350 MBD está autorizada para completarse en el cuarto trimestre de 2026. Los activos conectan estratégicamente la producción del Permiano con los refinadores de la Costa del Golfo, las empresas petroquímicas y los mercados de exportación, integrándose con la infraestructura existente de Phillips 66.
필립스 66 (NYSE:PSX)가 EPIC NGL을 22억 달러에 현금으로 인수했습니다. 이번 인수에는 텍사스 코퍼스 크리스티 근처에 있는 170 MBD 용량의 두 개의 분리기, 350마일의 순도 배급 파이프라인, 그리고 델라웨어, 미들랜드 및 이글 포드 분지와 분리 복합체 및 필립스 66 스위니 허브를 연결하는 885마일의 NGL 파이프라인(175 MBD)이 포함됩니다.
NGL 파이프라인은 175 MBD에서 225 MBD로 확장 중이며, 2분기 내 완료될 예정입니다. 350 MBD로의 두 번째 확장은 2026년 4분기에 완료될 예정입니다. 이 자산은 페르미안 생산을 걸프 코스트 정유소, 석유화학 회사 및 수출 시장에 전략적으로 연결하며, 필립스 66의 기존 인프라와 통합됩니다.
Phillips 66 (NYSE:PSX) a finalisé son acquisition de EPIC NGL pour 2,2 milliards de dollars en espèces. L'acquisition comprend deux fractionneurs d'une capacité de 170 MBD près de Corpus Christi, au Texas, 350 miles de pipelines de distribution de pureté et un pipeline NGL de 885 miles (175 MBD) reliant les bassins de Delaware, Midland et Eagle Ford aux complexes de fractionnement et au Phillips 66 Sweeny Hub.
Le pipeline NGL est en cours d'expansion de 175 MBD à 225 MBD, avec une finalisation prévue au deuxième trimestre. Une deuxième expansion à 350 MBD est approuvée pour être achevée au quatrième trimestre 2026. Les actifs connectent stratégiquement la production du Permien aux raffineurs de la côte du Golfe, aux entreprises pétrochimiques et aux marchés d'exportation, s'intégrant à l'infrastructure existante de Phillips 66.
Phillips 66 (NYSE:PSX) hat die Übernahme von EPIC NGL für 2,2 Milliarden Dollar in bar abgeschlossen. Die Übernahme umfasst zwei Fraktionatoren mit einer Kapazität von 170 MBD in der Nähe von Corpus Christi, Texas, 350 Meilen an Reinheitsverteilungspipelines und eine 885 Meilen lange NGL-Pipeline (175 MBD), die die Becken von Delaware, Midland und Eagle Ford mit Fraktionierungsanlagen und dem Phillips 66 Sweeny Hub verbindet.
Die NGL-Pipeline wird von 175 MBD auf 225 MBD erweitert, der Abschluss wird im 2. Quartal erwartet. Eine zweite Erweiterung auf 350 MBD ist für den Abschluss im 4. Quartal 2026 genehmigt. Die Vermögenswerte verbinden strategisch die Produktion aus dem Permian mit Raffinerien an der Golfküste, petrochemischen Unternehmen und Exportmärkten und integrieren sich in die bestehende Infrastruktur von Phillips 66.
- Strategic acquisition enhancing downstream energy integration
- $2.2B acquisition adds significant infrastructure assets
- Pipeline capacity expansion from 175 MBD to 350 MBD by 2026
- Direct connection to key production basins and export markets
- Substantial $2.2B cash outlay impacts balance sheet
- Extended timeline for full capacity expansion (Q4 2026)
“This transaction strengthens our position as a leading integrated downstream energy provider,” said Don Baldridge, Phillips 66 executive vice president of Midstream & Chemicals. “We are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. Phillips 66 will offer producers unparalleled flow assurance, while advancing a strategy that is expected to deliver attractive returns and create long-term value for our shareholders.”
The EPIC NGL business consists of two fractionators (170 MBD) near
The expansion project from 175 MBD to 225 MBD for the NGL pipeline is expected to be completed in the second quarter. A second expansion to increase capacity to 350 MBD has already been sanctioned with completion expected in the fourth quarter of 2026.
The acquired assets connect Permian production to Gulf Coast refiners, petrochemical companies and export markets, and are highly integrated with the Phillips 66 asset base.
About Phillips 66
Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in
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Jeff Dietert (investors)
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Owen Simpson (investors)
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Source: Phillips 66