M&A Deal Summary |
|
|---|---|
| Date | 2025-01-06 |
| Target | EPIC NGL |
| Sector | Energy Services and Equipment |
| Buyer(s) | Phillips 66 |
| Sellers(s) | EPIC |
| Deal Type | Divestiture |
| Deal Value | 2.2B USD |
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| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Energy Services and Equipment |
| Employees | 13,200 |
| Revenue | 143.2B USD (2024) |
Phillips 66 is an energy and logistics company. Its midstream segment gathers, processes, transports and markets natural gas; and transports, stores, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products. Its chemicals segments consists of our 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide basis. Its refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. Its marketing and specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. Phillips 66 was founded in 1875 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 3 of 3 |
| Country (United States) | 5 of 5 |
| Year (2025) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-20 |
Pinnacle Midstream
Houston, Texas, United States Pinnacle Midstream is an independent energy company focused on the development of energy midstream infrastructure for oil and gas producers working in various basins across North America. Pinnacle Midstream is based in Houston, Texas. |
Buy | $550M |
EPIC was formed to build, own and operate midstream infrastructure in the Delaware, Midland and Eagle Ford basins. EPIC’s Crude Oil Pipeline and Y-Grade Pipeline transport crude and natural gas liquids (“NGLs”) across Texas and New Mexico for delivery into the Corpus Christi and other Gulf Coast demand and export markets. EPIC was founded in 2017 and is based in Corpus Christi, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Texas) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2025) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-23 |
EPIC Olefins
San Antonio, Texas, United States EPIC Olefins is a 120 mile long, 12-inch diameter bi-directional ethylene pipeline connecting Gulf Coast Growth Ventures’ (“GCGV”) world-class ethane cracker in Gregory, Texas to ethylene storage in Markham, Texas. |
Sell | - |
