Dec 11 (Reuters) - Phillips 66 (NYSE:PSX) Partners Lp:
* PHILLIPS 66 PARTNERS LP - ON DEC 10 ENBRIDGE HOLDINGS (GRAY OAK) LLC EXERCISED ITS OPTION TO ACQUIRE A 35 PERCENT INTEREST IN GRAY OAK HOLDINGS LLC
* PHILLIPS 66 PARTNERS - AS A RESULT OF OPTION EXERCISE, PARTNERSHIP NOW OWNS 48.75 PERCENT INTEREST IN GRAY OAK PIPELINE PIPELINE PROJECT - SEC FILING
* PHILLIPS 66 PARTNERS LP - GRAY OAK PIPELINE IS ANTICIPATED TO BE IN SERVICE BY END OF 2019
* PHILLIPS 66 PARTNERS - RATTLER MIDSTREAM PARTNERS, A UNIT OF DIAMONDBACK ENERGY INC., HAS RIGHT TO ACQUIRE A 10 PERCENT INTEREST IN PIPELINE PROJECT
* PHILLIPS 66 PARTNERS LP - IF MIDSTREAM EXERCISES THE RIGHT TO ACQUIRE INTEREST, PARTNERSHIP'S OWNERSHIP IN GRAY OAK WILL BE REDUCED TO 42.25 PERCENT