Phillips 66 spins off natural gas pipelines to an affiliate for $1 billion


Houston-based Phillips 66 sold two natural gas pipeline systems to its affiliate, Phillips 66 Partners, Monday for $1.01 billion in cash and stock. Phillips 66 Partners, a master limited partnership, will pay Phillips 66 $880 million in cash and 1.7 million new units, Fuel Fix said. The agreement also includes $65 million in debt. Phillips ...

Source: Petro Global News | http://petroglobalnews.com/2015/02/phillips-66-spins-off-natural-gas-pipelines-to-an-affiliate-for-1-billion/

Dean Bowman started a discussion in our LinkedIn Group: TCT The Commodity Traders, BV. , share something with the group.

#naturalgas #phillips66 #pipeline

12 views

Recent Posts

See All

© 2009-2019 TCT The Commodity Traders, B.V. All Rights Reserved.

  • Facebook Clean Grey
  • Instagram Clean Grey
  • Twitter Clean Grey
  • LinkedIn Clean Grey