$re = '/\S+:\h+.*?(?=\h+\S+:)\K\h+/m';
$str = 'Time: 10:40 Request: page.php Action: whatever this is Refer: Facebook
Action: This Example BB: Bla bla Request: 555"';
$subst = "\n";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php