Let's Work Together - The Backstory Behind Phillips 66's $2.2 Billion Plan to Acquire EPIC NGL

08/01/2025 13 min
Let's Work Together - The Backstory Behind Phillips 66's $2.2 Billion Plan to Acquire EPIC NGL

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Episode Synopsis

At first glance, you might think that Phillips 66’s newly announced, $2.2 billion plan to acquire the EPIC NGL pipeline system, two fractionators near Corpus Christi and other NGL-related assets in Texas is just another logical step in the expansion of P66’s “well-to-market” NGL strategy — and you’d be right. But the story is actually much more interesting, involving a long list of well-known midstream players and a long-running, still-evolving effort to dilute the Mont Belvieu NGL hub’s dominance. In today’s RBN blog, we spill the tea. 

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