Phillips 66 to acquire Pinnacle Midstream for $550m to expand Midland Basin operations
Phillips 66 (NYSE: PSX) has reached a definitive agreement to acquire Pinnacle Midland Parent LLC from Energy Spectrum Capital for $550 million in cash. This acquisition is a strategic move to enhance Phillips 66’s footprint in natural gas gathering and processing in the Midland Basin, significantly strengthening its position in the energy sector. Details of […]