Phillips 66 Sells 25% Stake in Rockies Express Pipeline to Tallgrass Energy
Phillips 66 (NYSE: PSX) announced today the sale of its 25% non-operated stake in Rockies Express Pipeline LLC (REX) to a Tallgrass Energy, LP (TGE) subsidiary for approximately $1.275 billion. TGE, already the operator of REX, will now own 100%…