09:46 AM EDT, 06/14/2024 (MT Newswires) -- (Corrects the deal amount in the first paragraph.)

Phillips 66 (PSX) said Friday it has agreed to sell its 25% non-operated common equity interest in Rockies Express Pipeline to a Tallgrass Energy subsidiary for about $1.28 billion.

The deal is expected to close Friday, Phillips 66 said.

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