Phillips 66 has accredited a pure gasoline processing mission and a pure gasoline liquids (NGL) fractionator mission, each anticipated to start out operations 2028.
The Zeus Gasoline Plant will course of as much as 300 million cubic ft a day (MMcfd) of gasoline from the Permian Basin, the Houston, Texas-based firm stated in a press launch. The mission contains the Midland Categorical Pipeline (MEX).
The 45-mile, 20-inch pipeline will transfer as much as 230 MMcfd. MEX will combine Phillips 66’s Permian gathering methods. The pipeline can be designed to offer future bi-directional flexibility between a number of processing services.
- Advertisement -
The third Coastal Bend Fractionator, beforehand referred to as the Corpus Christi Fractionator, could have a capability of 100,000 barrels per day (bpd) of NGLs. The mission additionally includes NGL purity pipeline enlargement and water therapy services. It should rise in Robstown, Texas.
“Zeus Gasoline Plant and a 3rd Coastal Bend Fractionator will strengthen our skill to maneuver rising Permian volumes throughout an built-in worth chain, from the wellhead to key market facilities”, stated Phillips 66 midstream government vice chairman Don Baldridge.
“These initiatives will improve system connectivity, enhance processing and fractionation capability, and place us to serve prospects whereas capturing extra worth throughout our Midstream community”.
The 2 new last funding selections “fall inside the firm’s acknowledged $2.0 billion to $2.5 billion capital spending vary”, Phillips 66 stated. “That is according to Phillips 66’s dedication to cut back debt to $17 billion by year-end 2027 and return greater than 50 % of web working money movement, excluding working capital, to shareholders”.
Phillips 66 has allotted $1.1 billion for its midstream section underneath its 2026 budgeted capital of $2.4 billion.
Baldridge instructed buyers at Phillips 66 fourth quarter 2025 outcomes convention that the corporate expects so as to add a gasoline plant about each 12-18 months “resulting from our engaging footprint within the Permian Basin”.
Final 12 months Phillips 66 commissioned the Dos Pico 2 gasoline plant within the Permian, which provides 220 MMscfd of processing capability and raises complete throughput from the corporate’s Pinnacle acquisition belongings to 440 MMcfd.
“It’s the first gasoline plant the corporate has constructed since 2019, when the final facility was constructed underneath DCP Midstream – marking a major step within the ongoing enlargement of Phillips 66’s NGL infrastructure”, Phillips 66 stated in a press release July 30, 2025.
Additionally in 2025 Phillips 66 acquired EPIC Y-Grade GP LLC and EPIC Y-Grade LP for round $2.2 billion, rising its Permian midstream presence. The items, purchased from EPIC Midstream Holdings LP, personal NGL pipelines, fractionation services and distribution methods.
The acquired belongings comprise two fractionators with a capability of 170,000 barrels per day (bpd) close to Corpus Christi, Texas; about 350 miles of purity distribution pipelines; and an NGL pipeline round 885 miles lengthy and with a capability of 175,000 bpd. The NGL pipeline hyperlinks the Delaware, Midland and Eagle Ford basins to the fractionation complexes and Phillips 66’s Sweeny Hub.
In the meantime the under-construction 300-MMcfd Iron Mesa gasoline plant is on observe to start out up within the first quarter of subsequent 12 months, in accordance with Phillips 66’s first quarter 2026 report.
To contact the creator, electronic mail jov.onsat@rigzone.com
What do you suppose? We’d love to listen to from you, be part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all vitality professionals to Communicate Up about our business, share data, join with friends and business insiders and have interaction in an expert neighborhood that may empower your profession in vitality.
