Phillips 66 acquired Pinnacle Midstream from Energy Spectrum Capital for $550 million in May 2024. The deal added natural gas and water gathering assets in the Midland Basin, expanding Phillips 66's NGL value chain.
Phillips 66 Acquires Pinnacle Midstream
Acquirer
Phillips 66
→
Target
Pinnacle Midstream
2024
Year
🇺🇸 United States
Country
Asset Acquisition
Deal Type
Deal Value
Sector
Midstream
Subsector
Gas Gathering
Industry
Oil and Gas
Date Added
May 9, 2026
Status
Completed
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