Story perspectives

Phillips 66, Kinder Morgan Greenlight Western Gateway, Target 2029

4/25/2026

Summary

Phillips 66 Advances Pipeline

Phillips 66 and Kinder Morgan announced April 20, 2026 that the Western Gateway Pipeline will proceed, targeting mid-2029 operation.
The line runs from Borger, Texas, to Phoenix, reverses the SFPP and Gold pipelines, and links to Las Vegas via CALNEV.
A second season secured shipper commitments for Midwest-Gulf Coast refineries to serve Phoenix and California markets.
Piper Sandler and Barclays raised Phillips 66’s price target to $177, citing higher infrastructure valuations and favorable commodity trends.

Summary

Kinder Morgan pushes

The Western Gateway Pipeline needs agreements, joint-venture contracts, board sign-offs and permitting, which could take years.
Environmental groups and California officials oppose the pipeline, but Governor Gavin Newsom’s office praised it, stressed oil-use cuts and noted a bill permitting 2,000 Kern County wells.
Kinder Morgan CEO Kimberly Allen Dang said the pipeline would lower pump prices, reporting AAA data of $5.859 in San Diego and $5.949 in Los Angeles County.

Summary

Phillips 66 Acquires Borger

Phillips 66 bought a 50 percent stake in WRB Refining LP for $1.4 billion, taking control of the Borger refinery.
The Borger refinery can output up to 100,000 bpd gasoline and 70,000 bpd distillates.
Ownership gives Phillips 66 feedstock for the Western Gateway pipeline segment from Borger to Phoenix.
Phillips 66 will operate the pipeline stretch from Borger to El Paso, linking its refinery to network.
Kinder Morgan will manage El Paso-Phoenix line, integrating reversed SFPP and Calnev pipelines.

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Phillips 66 Advances Pipeline

Phillips 66 and Kinder Morgan announced April 20, 2026 that the Western Gateway Pipeline will proceed, targeting mid-2029 operation.
The line runs from Borger, Texas, to Phoenix, reverses the SFPP and Gold pipelines, and links to Las Vegas via CALNEV.
A second season secured shipper commitments for Midwest-Gulf Coast refineries to serve Phoenix and California markets.
Piper Sandler and Barclays raised Phillips 66’s price target to $177, citing higher infrastructure valuations and favorable commodity trends.

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