Phillips 66 to purchase EPIC NGL in $2.2B deal to increase Permian presence (NYSE:PSX)

Phillips 66 (NYSE:PSX) mentioned Monday it agreed to amass long-haul pure fuel liquids pipeline proprietor EPIC NGL LP for $2.2B in money, in a deal to assist the refiner enhance its Permian Basin midstream enterprise.

EPIC NGL consists of two fractionators