Bigger oil pipelines are coming to West Texas [MSN Money]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: MSN Money
Epic Midstream Holdings LP said last year it would build its first oil pipeline in America’s most active oil field. It won’t be finished until next year, but already Epic Midstream is considering making it bigger. Load Error The upstart company, backed by private equity, had been planning to build a conduit capable of carrying 440,000 barrels a day from West Texas to Corpus Christi on the Gulf Coast. Now, it’s considering enlarging it to 675,000 barrels a day, after interest picked up in recent months. “We’re taking a look at upsizing very cautiously,” said Epic Midstream Chief Executive Phil Mezey. It plans to make a decision in coming weeks. Bottlenecks have become a problem in the Permian Basin of Texas and New Mexico at the center of the shale boom. Drillers are pumping so much oil and gas that pipelines considered more than adequate just a few years ago now are overwhelmed. That is creating opportunity for pipeline builders, who are planning an array of new
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News
- Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
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- Phillips 66 (NYSE: PSX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Phillips 66 (NYSE: PSX) had its price target raised by analysts at Barclays PLC from $139.00 to $155.00. They now have an "equal weight" rating on the stock.MarketBeat
- Schoox to Host Sessions and Highlight Acclaimed L&D Platform in London at Learning Technologies 2024PR Web
PSX
Earnings
- 1/31/24 - Beat
PSX
Sec Filings
- 4/4/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- PSX's page on the SEC website