Lindsey Oil Refinery assets Acquired by Phillips 66 | Energy M&A Deal

Phillips 66 has completed the acquisition of Lindsey Oil Refinery assets, a oilfield services business in Texas, for $77,223.75. The Lindsey Oil Refinery assets support downstream operations tied to refining and related oilfield services, strengthening Phillips 66’s energy footprint in TX. Phillips 66 acquisitions in energy M&A focus on securing productive refinery-related capacity and integrating assets through a strategic acquisition approach. The add on acquisition is categorized as an add on acquisition and strategic acquisition, with the deal status marked closed and deal size under $10M, aligning with Phillips 66 acquisitions and TX acquisitions.