EPIC NGL Permian Basin-to-Corpus Christi Pipeline Completes Phase Two Construction
Final Construction Phase Underway and On-Time
EPIC Midstream Holdings, LP (“EPIC”) today announced the completion of
Phase Two of the EPIC Natural Gas Liquids (“NGL”) Pipeline. NGL product
is now running from DLK Black River Midstream to Benedum, Texas. 205
miles of the total 700 mile pipeline project are now in service.
Today’s completion comes less than three months after EPIC completed
construction of Phase One. Work continues on Phase Three which will run
from Benedum to Corpus Christi, Texas. The NGL pipeline is now connected
to five processing complexes that have a capacity of one billion cubic
feet (BCF). When complete, the EPIC NGL pipeline will have a throughput
capacity of over 440,000 barrels per day with multiple origin points in
the Delaware and Midland Basins.
EPIC began construction of the NGL pipeline in December of 2017 after
signing a definitive agreement with BP Energy Company to anchor the
700-mile NGL pipeline to link producers’ NGL reserves in the Permian and
Eagle Ford Basins to Gulf Coast refiners, petrochemical companies and
export markets.
Also announced today, Houston-based Optimized Process Designs, LLC
(“OPD”) has been contracted to provide EPC (engineering, procurement,
and construction) services for EPIC’s first 100,000 barrel per day
fractionation train.
The EPIC NGL Pipeline is backed by capital commitments from funds
managed by the Private Equity Group of Ares Management, L.P. (NYSE:
ARES) and will run side by side with the EPIC Crude Oil Pipeline.
ABOUT EPIC
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. For more information, visit www.epicmid.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180627006209/en/
Copyright Business Wire 2018
Source: Business Wire
(June 27, 2018 - 3:20 PM EDT)
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