January 7, 2025 archive

Phillips 66 expands downstream holdings in $2.2 billion acquisition

  Phillips 66 announced that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon closing, this transaction …

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Rep. Gann expands transparency call from Corporation Commission to legislature

Inola State Rep. Tom Gann, the Republican legislator who argued the Oklahoma Corporation Commission is not transparent and commissioner Todd Hiett should be stopped from voting on certain rate cases, also thinks there should be much more transparency in the legislature. He recently sponsored a reform package – House Resolution 1001 – designed to distribute power, promote …

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Williams makes offering of $1.5 billion in senior notes

    Williams announced that it has priced a public offering of $1.0 billion of its 5.600% Senior Notes due 2035 at a price of 99.843 percent of par and $500 million of its 6.000% Senior Notes due 2055 at a price of 99.330 percent of par. The expected settlement date for the offering is …

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