Phillips 66 has rebranded the EPIC NGL system as Coastal Bend following the completion of its acquisition earlier this year. The system (figure below) includes an 885-mile pipeline which transports 175 Mb/d of Y-grade from the Delaware and Midland basins, as well as the Eagle Ford, to the company’s fractionation complex in Robstown, Texas, near Corpus Christi.
Featured Articles
- Blog
Don't Stop - Targa Resources, Phillips 66 Detail Plans for Expanding Permian-to-Gulf Infrastructure
The handful of midstream companies that provide a full range of “wellhead-to-water” services between the Permian and the Gulf Coast are in growth mode, advancing a long list of gas processing plants, takeaway pipelines, fractionators and export terminal expansions. Last time we looked at what Enterprise Products Partners and Energy Transfer are up to. In today’s RBN blog, we shift our spotlight to what Targa Resources and Phillips 66 are planning, with Targa building a slew of projects and P66 growing primarily through organic opportunities that have arisen following recent bolt-on M&A.
- Blog
Let's Work Together - The Backstory Behind Phillips 66's $2.2 Billion Plan to Acquire EPIC NGL
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.
- Blog
Combination of the Two - A New Drill Down Report on Consolidation in the Midstream Sector
The U.S. energy industry’s midstream sector has experienced an extraordinary consolidation over the past few years. This undeniable trend has been driven by the widely held (and sensible) view that the winners in the industry’s next era will be the midstreamers with massive scale and the right assets in the best places. As evidenced by the extension of this buying spree into 2025, there’s still a lot more reshuffling to do. In today’s RBN blog, we discuss a few of the latest midstream deals in the Permian, the Eagle Ford and the Bakken, as well as highlights from our new Drill Down Report on midstream M&A.
