Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner s natural gas gathering and processing footprint in the Midland Basin.
Phillips 66 on Monday agreed
to acquire Pinnacle Midland, a midstream company owned by
private equity firm Energy Spectrum Capital, for $550 million in
cash, expanding the U.S. refiner s natural gas.