Phillips 66 OKs Zeus Gas Plant, New Coastal Fractionator


   
   HOUSTON, TX (DTN) --Phillips 66 is moving forward with the Zeus Gas Plant 
and a third Coastal Bend Fractionator, as the company looks to strengthen its 
end-to-end natural gas and NGL value chain from the wellhead to market.

   At the heart of the upstream expansion is Zeus, a 300 MMcf/d processing 
plant in the Permian Basin, paired with the newly designated Midland Express 
Pipeline, or MEX, a roughly 45-mile, 20-inch diameter line designed to carry up 
to 230 MMcf/d of wellhead gas, the company said in a statement late Friday 
(5/8).

   The MEX Pipeline will tie together Phillips 66's existing Permian gathering 
infrastructure and is built with future bi-directional flow capability across 
multiple plants.

   On the Gulf Coast, the company is developing what was formerly called the 
Corpus Christi Fractionator, or BTT2, now rebranded as the third Coastal Bend 
Fractionator. The 100 million bpd facility in Robstown, Texas will also 
incorporate expanded NGL purity pipelines and new water treatment 
infrastructure. Both projects are slated for completion in 2028.

   Don Baldridge, Executive Vice President of Midstream at Phillips 66, said 
the investments are designed to boost system connectivity and unlock additional 
value across the company's midstream network.

   The projects fit within Phillips 66's $2.0--$2.5 billion capital budget, as 
the company continues working toward a $17 billion debt target by end of 2027 
and a commitment to return over half of net operating cash flow to shareholders.

    




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