Tivoli Midstream acquires NTX Gathering System from Phillips 66
Summary
NTX consists of approximately 140 miles of crude oil gathering and transportation pipelines and storage capacity in the Barnett Shale area of Northern Texas. The system, which extends through portions of Young, Archer, Clay, Jack, Palo Pinto, Wichita and Stephens Counties, will be underpinned by a long-term transportation services agreement with Phillips 66. Tivoli’s expertise providing complex solutions and services to the oil, gas and petrochemical industries will create meaningful value for both NTX and its anchor customer, Phillips 66. “NTX is an attractive and unique asset to begin our partnership, which we look forward to growing through future acquisitions.” Tivoli is a growth-oriented midstream, logistics and services company, dedicated to making the world and environment better every day. Focused on providing effective solutions to the oil, gas, and petrochemical industries, Tivoli’s primary objective is to be a trusted partner to its customers, exceeding expectations in safety, service and reliability.