Phillips 66 to Divest Gulf Coast Express for $865mn

(Steve Stewart, Energy Analytics Institute, 16.Dec.2024) — Phillips 66 entered into a definitive agreement to divest 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 $865mn, subject to […]