Wednesday, December 25, 2024

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

Andeavor Logistics Moves Western Refining Logistics Merger Forward

From the San Antonio Business Journal San Antonio-based pipeline and storage terminal company Andeavor Logistics is moving to complete a merger with Wester Refining Logistics by the fourth quarter. In an amended registration statement filed with the U.S. Securities and Exchange Commission on Wednesday, Andeavor Logistics LP (NYSE: ANDX) reported that the company plans to exchange a 0.5233 share of