PSX · 8-K · 20260805PR000030
Midstream Capacity Expansion
Phillips 66 · 2026-08-05 · Importance 34 · Surprise 42 · In source text
Phillips 66 achieved full production at Dos Picos II, a 220 million cubic feet per day gas plant in the Permian Basin. The company announced construction of the 300 million cubic feet per day Zeus Gas Plant, also in the Permian Basin. It also announced a 100 thousand barrels per day Coastal Bend NGL Fractionator in Corpus Christi. The projects expand U.S. natural gas, NGL fractionation and export-related infrastructure, although the release does not disclose project costs or completion dates.
Key facts
- Announced construction of the 300 MMCFD Zeus Gas Plant in the Permian Basin source
- Achieved full production at Dos Picos II, a 220 million cubic feet per day gas plant in the Permian Basin source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | — | Announced construction of the 300 MMCFD Zeus Gas Plant in the Permian Basin |
| operating_income | positive | probable | — | Announced construction of the 300 MMCFD Zeus Gas Plant in the Permian Basin |
| operating_income | positive | realized | — | Achieved full production at Dos Picos II, a 220 million cubic feet per day gas plant in the Permian Basin |