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January 8, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Less than a month after selling a stake in a pipeline that delivers natural gas from the Permian Basin, Phillips 66 (NYSE:PSX) (Houston, Texas) said it would spend $2.2 billion to build up its midstream position in the shale basin through the acquisition of EPIC NGL (San Antonio, Texas).
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