Phillips 66 announces agreement to sell interest in Gulf Coast Express
December 16, 2024
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. “With
