Phillips 66 Partners makes $2.4B drop-down deal, including Dakota Access interest
From the Houston Business Journal Phillips 66 Partners LP (NYSE: PSXP) will buy more assets from Phillips 66 (NYSE: PSX) for $2.4 billion, the Houston-based companies announced Sept. 22. The deal is expected to close in early October, and it’s the largest acquisition the master limited partnership has made in its four-year history. Prior to this deal, the MLP’s largest