EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has announced that it has signed a definitive agreement with BP Energy Company to anchor a new 650 mile natural gas liquids (NGL) pipeline that will be known as ‘EPIC NGL pipeline’, which will link producers’ NGL reserves in the Permian and Eagle Ford Basins to Gulf Coast refiners, petrochemical companies and export markets. The EPIC NGL Pipeline has secured a capital commitment from funds managed by Ares Management, L.P. The EPIC NGL pipeline, which has commenced construction, will run side by side with the previously announced EPIC crude oil pipeline for most of the route.
The EPIC NGL pipeline will have throughput capacity of at least 220 000 bpd with multiple origin points in the Delaware and Midland Basins. Destinations will include interconnects near Orla (Benedum) and Corpus Christi (Texas), where EPIC’s affiliate plans to build a fractionation complex to accommodate the pipeline’s volume. In the fourth quarter of 2017, EPIC will conduct a FERC open season, when interested shippers will have an opportunity to secure firm capacity on the EPIC NGL pipeline.
