BRIEF-Phillips 66 To Acquire Pinnacle Midstream From Energy Spectrum Capital-March 2024-www.financetom.com

BRIEF-Phillips 66 To Acquire Pinnacle Midstream From Energy Spectrum Capital

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BRIEF-Phillips 66 To Acquire Pinnacle Midstream From Energy Spectrum Capital

May 20, 2024 1:55 PM

May 20 (Reuters) - Phillips 66:

* PHILLIPS 66 TO ACQUIRE PINNACLE MIDSTREAM FROM ENERGY

SPECTRUM

CAPITAL

* PROPOSED DEAL FOR FOR CASH CONSIDERATION OF $550 MILLION

* DEAL IS STRATEGIC MOVE TO EXPAND ITS NATURAL GAS GATHERING

AND

PROCESSING FOOTPRINT IN MIDLAND BASIN

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