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Eagle Rock Energy in natural gas liquids pact with Phillips 66

  • Eagle Rock Energy Partners (EROC +3.3%) is higher after disclosing it entered into a multi-year agreement with Phillips 66 (PSX +2.7%) to deliver and sell monthly quantities of natural gas liquids at its Sunray gas plant.
  • The price paid to EROC will be determined by reference to an agreed upon index, less agreed upon gathering, transportation and fractionation fees and any potentially applicable deficiency fee.
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