Phillips 66 sells non-core east Texas natural gas assets – Reuters (NYSE:PSX)

Phillips 66 (NYSE:PSX) sold its natural gas gathering and processing assets in east Texas to Voyager Midstream Holdings for an unknown amount, Reuters reported Tuesday.

Voyager said the acquisition also includes the Carthage hub, a natural gas trading and delivery hub which can handle more than 1B cf/day and provides connectivity to multiple markets across the U.S., including access to liquefied natural gas markets in Texas and Louisiana.

“We are committed to growing our infrastructure footprint in east Texas and north Louisiana and improving producer connectivity and netbacks,” Voyager CEO Will Harvey told Reuters.

Phillips 66 (PSX) said last year that it planned to monetize $3B in non-core assets in 2024 as part of an effort to increase returns by cutting costs and assets.