EPIC Crude Delivers Record Volumes
06 April 2022 - 1:00PM
Business Wire
EPIC Crude delivering record volumes of
500,000 barrels per day
EPIC Crude Holdings, LP (“EPIC Crude” or “the Company”)
continues to ship record crude volumes of 500,000 barrels per day
during 2022. EPIC Crude provides shippers access to the premium
Corpus Christi market including EPIC Crude’s export facility as
well as local refineries and other export docks. The overall
quality of crude being transported continues to differentiate EPIC
Crude from other transport providers.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220406005205/en/
Crude Map (Graphic: Business Wire)
“This has been a great start to the year for EPIC Crude," said
Brian Freed, Chief Executive Officer of EPIC. "Our crude volume
throughput proves EPIC’s strategic importance for customers to
provide safe and reliable crude oil transport out of the Delaware,
Midland and Eagle Ford basins into the Corpus Christi market. We
have strategically positioned ourselves to take advantage of the
growth we are seeing in the Permian basin and the Corpus Christi
premium export markets.”
About EPIC Crude Holdings, LP
EPIC Crude Holdings, LP (“EPIC Crude”) was formed in 2017 to
build and operate the EPIC Crude Oil Pipeline, a 700-mile, 30”
crude oil pipeline that extends from Orla, Texas to the Port of
Corpus Christi and services the Delaware, Midland and Eagle Ford
basins. The Crude Oil Pipeline is currently operating at a capacity
of 600,000 barrels per day (bpd), as well as total operational
storage of approximately 7,500,000 million barrels. The project
includes terminals in Orla, Pecos, Crane, Wink, Midland, Hobson and
Gardendale, with connectivity to the Port of Corpus Christi,
including the EPIC Marine Terminal, third-party export terminals
and local refineries. EPIC Crude is backed by capital commitments
from funds managed by the Private Equity Group of Ares Management
Corporation (NYSE: ARES) as well as additional equity ownership by
Chevron Corporation (NYSE: CVX), Kinetik (NASDAQ: KNTK) and Rattler
Midstream LP (NASDAQ: RTLR). For more information, visit
www.epicmid.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220406005205/en/
EPIC Midstream Holdings, LP David McArthur Corporate
Communications Director (210) 446-1059
david.mcarthur@epicmid.com
Ares Management (NYSE:ARES)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Ares Management (NYSE:ARES)
Historical Stock Chart
Von Apr 2023 bis Apr 2024