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Phillips 66 Partners Announces $1.3 Billion Acquisition
October 11, 2016 8:29 AM EDTAcquisition Includes 30 Phillips 66 Crude, Products, and NGL Logistics Assets
Expected to be immediately accretive to unitholders Assets support Phillips 66s Bayway, Billings, Borger and Ponca City refineries Phillips 66 to enter into long-term minimum volume commitmentsHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) (the Partnership) has reached agreement with Phillips 66 (NYSE: PSX) to acquire 30 crude, refined products and natural gas liquids (NGL) logistics assets for total consideration... More