close

Phillips 66 Sells Stake in REX Pipeline to Tallgrass

June 18, 2024

Phillips 66 Sells Stake in REX Pipeline to Tallgrass

June 17, 2024

Integrated downstream company Phillips 66 is selling its 25 percent non-operated common equity interest in Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy LP (TGE) for an enterprise value of approximately $1.275 billion.

TGE is the operator of REX and will own 100% of the common equity interest in REX following the transaction, Phillips 66 said in a news release.

Read more

Browse Our Events