EPIC Oil Pipeline
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Epic Oil Pipeline is an operating oil pipeline in the United States.
The pipeline would run from Orla, Texas, to Corpus Christi, Texas.
- Operator: EPIC Crude Pipeline, LP
- Owners: EPIC Midstream Holdings [45%]; Chevron [30%]; Altus Midstream Company [15%]; Diamondback Energy [10%]
- Parent company: Ares Management [45%]; Chevron [30%]; Altus Midstream Company [15%]; Diamondback Energy [10%]
- Capacity: 590,000 barrels per day (440,000 bpd from the Permian’s Midland Basin, and 150,000 Bpd from the Eagle Ford Shale)
- Length: 1,175 kilometers (730 miles)
- Diameter: 30 inches
- Status: Operating
- Start year: 2020
- Financing: US$1.075 billion loan from undisclosed sources; additional US$175 million debt financing from Goldman Sachs and US$125 million debt financing from UBS
Originally Noble Midstream Partners owned a 30% stake in the pipeline, but they were later acquired by Chevron.
The US$2.3 billion Epic project is a 730-mile-long crude oil and condensate pipeline that runs from West Texas to Corpus Christi, Texas. It has a maximum capacity of 440,000 bpd from the Permian’s Midland Basin, and 150,000 Bpd from the Eagle Ford Shale in South Texas. It takes crude from points in Orla, Pecos, Crane and Midland in the West Texas Permian Basin and transports it to terminals in the Port of Corpus Christi and other drop-off points in the area.
The pipeline owned by San Antonio-based TexStar Midstream Logistics, Connecticut-based Castleton Commodities International and Texas-based Ironwood Midstream Energy Partners. In March 2017 the companies were bidding out the first 200,000 barrels of pipeline capacity.
EPIC was temporarily moving crude oil through its EPIC NGL Pipeline, a parallel-running 24-inch natural gas line while this permanent line was under construction. Upon completion of the oil pipeline, the parallel gas pipeline will revert back to transporting NGL.
According to June 2020 data from the U.S. Energy Information Administration (EIA), "Construction of the 30-inch diameter crude pipeline was completed on February 26, 2020 and entered into full service on April 1, 2020. Crude will flow on the dedicated EPIC Crude pipeline at an initial capacity of 600,000 b/d (and the EPIC NGL Crane to Corpus Christi pipeline will convert to natural gas liquids service). Capacity will be expandable with additional pumping to 900,000 b/d. Remaining construction of the project is primarily focused on installing an additional 2.1 million barrels of operational storage, bringing total storage to 7.5 million barrels, as well as completing the East Dock that is expected to be operational in the second half of 2020 adding the capability of loading Suezmax vessels."
Articles and resources
- Epic Oil Pipeline, Fuel Fix, accessed September 2017
- National Energy and Petrochemical Map , FracTracker, February 28, 2020
- "EPIC CRUDE ANNOUNCES COMPLETION OF ITS 30" PERMANENT CRUDE OIL PIPELINE AND UPSIZE OF THE EXISITING TERM LOAN – EPICMID". Retrieved 2022-04-12.
- "Open season launched on EPIC Crude Pipeline". Tank Storage News America. Retrieved 2022-04-11.
- Asset Data, IJGlobal, accessed Aug. 27, 2020
- Petroleum & Other Liquids, Movements, Energy Information Administration, June 4, 2020
- "EPIC Crude Oil Pipeline (1,174.82KM)", IJGlobal, accessed Jul. 30, 2020
- "EPIC Crude Oil Pipeline (1,174.82KM) Additional Facility 2020", IJGlobal, accessed Jul. 30, 2020
- "EPIC Midstream Permian Basin & Eagle Ford Basin - Corpus Christi Y-Grade Crude Oil Pipeline", IJGlobal, accessed Aug. 18, 2020
- "EPIC commissions 30-inch crude pipeline", Midland Reporter Telegram, Feb. 29, 2020
- EPIC oil pipeline beginning Permian Basin service, Kallanish Energy, August 19, 2019
- Chris Ramirez, EPIC: Permian Basin-to-Corpus Christi crude pipeline is complete, Caller Times, Feb. 26, 2020
- Oil is flowing through new EPIC pipeline, Oklahoma Energy Today, August 19, 2019