Phillips 66 To Buy Pinnacle Midstream From Energy Spectrum Capital For Cash Consideration Of $550M

Phillips 66 +0.32%

Phillips 66

PSX

176.21

+0.32%

The transaction, a strategic move to expand its natural gas gathering and processing footprint in the Midland Basin, is expected to close around mid-year of 2024 following satisfaction of customary closing conditions, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR).

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