EPIC Crude Oil Pipeline Announces Re-Opening of Second Open Season
By: Epic Midstream Holdings, LP
The Open Season was previously extended twice due to continued additional interest in crude takeaway on the EPIC crude pipeline. On April 11, 2019, FERC issued the Declaratory Order in the EPIC Crude Proceeding.
EPIC Crude Oil Pipeline successfully closed its first open season on July 26, 2018 and executed definitive agreements with new primary shippers. Shippers have secured 525 MBbl/d of capacity originating from the Permian Basin on the EPIC Crude Oil Pipeline.
The EPIC Crude Oil Pipeline will run side-by-side with the EPIC NGL Pipeline extending from Orla, Texas to the Port of Corpus Christi, Texas and includes terminals in Orla, Saragosa, Crane, Wink, Midland, Helena and Gardendale, with Port of Corpus Christi connectivity and export access. It will service the Delaware, Midland and Eagle Ford Basins.
The EPIC Crude Oil Pipeline remains on schedule to begin interim service from Crane, Texas to Corpus Christi, Texas, during the third quarter of 2019. The project is expected to be in permanent service beginning January 2020
EPIC'S Crude Oil Pipeline will run side-by-side for most of the route with the EPIC NGL pipeline.
About EPIC Pipeline
EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Ford Basins. EPIC's first two projects, the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline, will transport crude and NGL across Texas for delivery into the Corpus Christi market. The EPIC Pipelines are backed by capital commitments from funds managed by the Private Equity Group of Ares Management Corporation. For more information, visit www.epicmid.com
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