Phillips 66, a major U.S. oil refiner, announced a significant acquisition on Monday, agreeing to purchase various pipelines and distribution systems from EPIC NGL in a $2.2 billion all-cash deal. Backed by private equity firm Ares Management, EPIC NGL’s assets will enhance Phillips 66’s natural gas liquids (NGL) portfolio. The company emphasized that the acquisition aligns with its l... https://oilgasenergymagazine.com/phillips-66-acquires-epic-ngl-assets/