HOUSTON–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) and Enbridge Inc. (NYSE: ENB) today announced an
open season for the Gray Oak Pipeline. The Gray Oak Pipeline will
provide producers and other shippers the opportunity to secure crude oil
transportation from West Texas to the destination markets of Corpus
Christi, Freeport, and Houston, Texas, with connectivity to over 3
million barrels per day (BPD) of refining capacity and multiple dock
facilities capable of crude oil exports. Shippers will have the option
to select from origination stations in Reeves, Loving, Winkler, and
Crane counties in West Texas.

The Gray Oak Pipeline is expected to have an initial throughput capacity
of 385,000 BPD. Phillips 66 and Enbridge will evaluate expansion of the
system beyond 385,000 BPD, depending on shipper interest in the open
season. The pipeline system is anticipated to be placed in service in
the second half of 2019.

The open season will commence at 12 p.m. CST on Dec. 11, 2017. Prior to
participating in the open season, interested parties must execute a
confidentiality agreement to govern the receipt of the open season
documentation. For a form of confidentiality agreement and additional
information regarding the Gray Oak Pipeline, please contact Corey
Leonard at [email protected]
or Jarrod Tessier at [email protected].

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company.
With a portfolio of Midstream, Chemicals, Refining, and Marketing and
Specialties businesses, the company processes, transports, stores and
markets fuels and products globally. Phillips 66 Partners, the company's
master limited partnership, is an integral asset in the portfolio.
Headquartered in Houston, the company has 14,600 employees committed to
safety and operating excellence. Phillips 66 had $53 billion of assets
as of Sept. 30, 2017. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.

About Enbridge Inc.

Enbridge Inc. is North America's premier energy infrastructure company
with strategic business platforms that include an extensive network of
crude oil, liquids and natural gas pipelines, regulated natural gas
distribution utilities and renewable power generation. The company
safely delivers an average of 2.8 million barrels of crude oil each day
through its Mainline and Express Pipeline; accounts for approximately
65% of U.S.-bound Canadian crude oil exports; and moves approximately
20% of all natural gas consumed in the U.S., serving key supply basins
and demand markets. The company's regulated utilities serve
approximately 3.6 million retail customers in Ontario, Quebec, New
Brunswick and New York State. Enbridge also has a growing involvement in
electricity infrastructure with interests in more than 2,500 MW of net
renewable generating capacity in North America and Europe. The company
has ranked on the Global 100 Most Sustainable Corporations index for the
past eight years; its common shares trade on the Toronto and New York
stock exchanges under the symbol ENB. Life takes energy and Enbridge
exists to fuel people's quality of life. For more information, visit www.enbridge.com.

Contacts

Phillips 66
Jeff Dietert, 832-765-2297
(investors)
[email protected]
or
Rosy
Zuklic, 832-765-2297
(investors)
[email protected]
or
Dennis
Nuss, 832-765-1850
(media)
[email protected]
or
Enbridge
Jonathan
Gould, 800-481-2804 (Toll Free)
(investors)
[email protected]
or
Michael
Barnes, 888-992-0997 (Toll free)
(media)
[email protected]