SAN ANTONIO--(BUSINESS WIRE)--EPIC Crude Holdings, LP (“EPIC”) today announced that it is opening a third Open Season for its EPIC Crude Oil Pipeline (the “Crude Oil Pipeline”). The Open Season will commence at 8 AM CDT on October 28, 2019 and will end on December 17, 2019 at 5 PM CST. The Crude Oil Pipeline successfully closed its first Open Season on July 26, 2018 and its second Open Season on September 28, 2018.
The Crude Oil Pipeline runs parallel to the EPIC Y-Grade Pipeline (the “Y-Grade Pipeline”) that extends from Orla, Texas to the Port of Corpus Christi, Texas and includes terminals in Orla, Saragosa, Crane, Wink, Midland, Upton, Hobson and Gardendale, with connectivity to the Corpus Refining market as well as multiple terminals in the Port of Corpus Christi for export access. The Crude Oil Pipeline services the Delaware, Midland and Eagle Ford Basins.
EPIC began interim crude operations in August, utilizing the 24-inch Y-Grade Pipeline, which can ship up to 400 thousand barrels of oil per day (MBbl/d) and stretches from Crane, Texas to terminals in Corpus Christi and Ingleside. Once the planned 30-inch Crude Oil Pipeline is completed in Q1 of 2020, EPIC will have initial capacity to transport 600 MBbl/d. The Crude Oil Pipeline is expandable to transport up to 900 MBbl/d.
The EPIC Crude Export Dock in Corpus Christi is expected to be completed in the fourth quarter of 2019 and will be capable of loading Aframax tankers that carry up to 750 MBbl. Additionally, EPIC is constructing a second crude export dock to be complete by the third quarter of 2020 and with a capability of loading Suezmax tankers that carry up to 1,000 MBbl.
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 Y-Grade Pipeline, will transport crude and NGLs 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 (NYSE: ARES). For more information, visit www.epicmid.com.
