NYSE:PSXOil and Gas
Does Western Gateway’s Extended Open Season Reshape the Midstream Cash Flow Story for Phillips 66 (PSX)?
Earlier in March, Kinder Morgan and Phillips 66 extended the second open season for the proposed Western Gateway refined products pipeline to April 15 at noon CT, allowing shippers more time to evaluate updated transportation agreements and capacity into the Los Angeles market via the SFPP Watson–Colton line.
This extension, following strong initial shipper interest, underlines Phillips 66’s push to secure long-term pipeline commitments that could support more stable midstream cash...