Phillips 66 (PSX) announced the completion of its previously announced acquisition of EPIC NGL for approximately $2.2B. “This transaction strengthens our position as a leading integrated downstream energy provider,” said Don Baldridge, Phillips 66 executive VP 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.”
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