Reports related to this article:
Project(s): View 7 related projects in PECWeb
Plant(s): View 1 related plant in PECWeb
Released October 11, 2018 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--EPIC Midstream Holdings LP (Houston, Texas) is making strides on two major pipeline plans in Texas with a series of deals and acquisitions that could position the projects as major arteries in the rapidly developing region. EPIC plans to relieve the buildup of oil production in the Permian Basin by temporarily switching a line for natural gas liquids (NGL) to oil service, but also recently purchased an NGL fractionator. Industrial Info is tracking nearly $4 billion in active projects involving EPIC.
Earlier this month, EPIC announced that it had obtained all necessary and required approvals to begin crude oil service on the 730-mile NGL pipeline, following the projected completion of construction in the third quarter of 2019. The NGL line will deliver crude oil until at least January 2020, when EPIC's crude oil pipeline is expected to begin service.
Click on the image at right for a map showing the EPIC NGL and other pipelines running from the Permian Basin to the Texas Gulf Coast (from the U.S. Energy Information Administration).
The rapid development of the Permian Basin has caused existing pipelines in the area to become congested and sometimes overburdened, and most of the planned transmission projects that could relieve this backup will not be online until mid-2019 or later. For more information, see September 24, 2018, article - U.S. Southwest Sees $8.6 Billion in Fourth-Quarter Pipeline Kickoffs as Permian Congestion Worsens.
Industrial Info is tracking more than $1.5 billion in active projects involving EPIC's NGL pipeline, including the $180 million segment from near Orla to Benedum, Texas, which runs about 128 miles; the $500 million segment from near Benedum to Corpus Christi, Texas, which runs about 375 miles; and 15 planned pump stations, such as the estimated $50 million station near Orla. For more information, see Industrial Info's project reports for the 128-mile segment, the 375-mile segment and the Orla station.
EPIC also announced this week that it plans to buy Southcross Holdings LP's (Dallas, Texas) Robstown NGL fractionation facility near Corpus Christi. The fractionator currently has a 64,000-BBL/d capacity; an ongoing expansion is expected to take it up to 68,000 BBL/d. For more information, see Industrial Info's plant profile.
Earlier this summer, EPIC closed the first open season for its planned crude oil pipeline with a definitive agreement to add Diamondback Energy Incorporated (NASDAQ:FANG) (Midland, Texas) as a strategic partner. Diamondback will have 50,000 barrels per day (BBL/d) of oil capacity and, via its subsidiary Rattler Midstream LLC, will have an option to acquire up to 5% of the pipeline's equity, with the option expiring in the first quarter of 2019. Industrial Info is tracking 20 of Diamondback's active oil-drilling lease programs in Texas, such as the $6 million Neal Lethco 39-37 Unit Lease in the Wolfcamp field. For more information, see Industrial Info's project report.
EPIC recently announced that in total, signed primary shippers have secured 600,000 BBL/d of capacity, which eventually can be increased to 900,000 BBL/d. Volumes from the Eagle Ford Shale will be delivered to the pipeline at EPIC's terminal in Gardendale, Texas. These shippers include Apache Corporation (NYSE:APA) (Houston) and Noble Energy Incorporated (NYSE:NBL) (Houston).
Industrial Info is tracking nearly $2 billion in active projects involving EPIC's crude oil pipeline, including the $450 million segment from Orla to Gardendale, Texas, which runs about 280 miles; the $375 million segment from Orla to Midland, Texas, which runs about 215 miles; the $350 million segment from Orla to Gardendale, Texas, which runs about 235 miles; and 15 planned pump stations. For more information, see Industrial Info's project reports for the 280-mile segment, the 215-mile segment and the 235-mile segment.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Earlier this month, EPIC announced that it had obtained all necessary and required approvals to begin crude oil service on the 730-mile NGL pipeline, following the projected completion of construction in the third quarter of 2019. The NGL line will deliver crude oil until at least January 2020, when EPIC's crude oil pipeline is expected to begin service.
Click on the image at right for a map showing the EPIC NGL and other pipelines running from the Permian Basin to the Texas Gulf Coast (from the U.S. Energy Information Administration).The rapid development of the Permian Basin has caused existing pipelines in the area to become congested and sometimes overburdened, and most of the planned transmission projects that could relieve this backup will not be online until mid-2019 or later. For more information, see September 24, 2018, article - U.S. Southwest Sees $8.6 Billion in Fourth-Quarter Pipeline Kickoffs as Permian Congestion Worsens.
Industrial Info is tracking more than $1.5 billion in active projects involving EPIC's NGL pipeline, including the $180 million segment from near Orla to Benedum, Texas, which runs about 128 miles; the $500 million segment from near Benedum to Corpus Christi, Texas, which runs about 375 miles; and 15 planned pump stations, such as the estimated $50 million station near Orla. For more information, see Industrial Info's project reports for the 128-mile segment, the 375-mile segment and the Orla station.
EPIC also announced this week that it plans to buy Southcross Holdings LP's (Dallas, Texas) Robstown NGL fractionation facility near Corpus Christi. The fractionator currently has a 64,000-BBL/d capacity; an ongoing expansion is expected to take it up to 68,000 BBL/d. For more information, see Industrial Info's plant profile.
Earlier this summer, EPIC closed the first open season for its planned crude oil pipeline with a definitive agreement to add Diamondback Energy Incorporated (NASDAQ:FANG) (Midland, Texas) as a strategic partner. Diamondback will have 50,000 barrels per day (BBL/d) of oil capacity and, via its subsidiary Rattler Midstream LLC, will have an option to acquire up to 5% of the pipeline's equity, with the option expiring in the first quarter of 2019. Industrial Info is tracking 20 of Diamondback's active oil-drilling lease programs in Texas, such as the $6 million Neal Lethco 39-37 Unit Lease in the Wolfcamp field. For more information, see Industrial Info's project report.
EPIC recently announced that in total, signed primary shippers have secured 600,000 BBL/d of capacity, which eventually can be increased to 900,000 BBL/d. Volumes from the Eagle Ford Shale will be delivered to the pipeline at EPIC's terminal in Gardendale, Texas. These shippers include Apache Corporation (NYSE:APA) (Houston) and Noble Energy Incorporated (NYSE:NBL) (Houston).
Industrial Info is tracking nearly $2 billion in active projects involving EPIC's crude oil pipeline, including the $450 million segment from Orla to Gardendale, Texas, which runs about 280 miles; the $375 million segment from Orla to Midland, Texas, which runs about 215 miles; the $350 million segment from Orla to Gardendale, Texas, which runs about 235 miles; and 15 planned pump stations. For more information, see Industrial Info's project reports for the 280-mile segment, the 215-mile segment and the 235-mile segment.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
