Phillips 66 (PSX) Divests Rockies Express Pipeline Stake

Phillips 66 (PSX) , a leading integrated energy company, has announced the sale of its 25% non-operated equity interest in Rockies Express Pipeline to a subsidiary of Tallgrass Energy, LP. Tallgrass is the operator of the Rockies Express Pipeline and owns its remaining 75% stake. The deal, valued at $1.28 billion, is part of PSX’s commitment to deliver a value of more than $3 billion from asset divestitures.The Rockies Express Pipeline is one of the largest natural gas pipelines in the United States, spanni ...