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Gray Oak Crude System to Serve Permian, Eagle Ford ‘On Track,’ Says PSXP

Gray Oak Crude System to Serve Permian, Eagle Ford ‘On Track,’ Says PSXP

Phillips 66 Partners LP (PSXP) attributed record earnings in the second quarter to higher volumes for its pipelines and terminals, as the partnership completed an open season for a crucial crude oil pipeline link to serve the booming Permian Basin and Eagle Ford Shale.

July 31, 2018
Phillips 66 Planning $1.5B Expansion of Sweeny Hub to Serve West Texas

Phillips 66 Planning $1.5B Expansion of Sweeny Hub to Serve West Texas

Phillips 66 plans to spend up to $1.5 billion on infrastructure upgrades near its Houston Ship Channel facilities to serve the Permian Basin, hundreds of miles away, including natural gas liquids (NGL) fractionators, additional storage capacity and associated pipelines.

June 15, 2018

Phillips 66 Partners Spending $2.4B for Stakes in Bakken Shale Pipeline, Refinery System

Phillips 66 Partners LP (PSXP) is taking over a 25% stake in a Bakken Shale pipeline system and buying out a 100% interest in a refinery system owned by parent Phillips 66 in a deal valued at $2.4 billion.

September 22, 2017

Phillips 66 Partners Acquires NGL Assets in Southeast Louisiana From Chevron

Phillips 66 Partners LP (PSXP) said it has reached an agreement to acquire natural gas liquids (NGL) assets in southeast Louisiana — including approximately 500 miles of pipelines, a storage cavern and other facilities — from Chevron Corp.

August 26, 2016

Phillips 66 Partners Midstream Deal Valued at $1B

Phillips 66 Partners LP (PSXP) has agreed to acquire equity interests in three pipeline systems from its general partner, Phillips 66 (PSX), in a transaction valued at more than $1 billion.

February 17, 2015