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Epic Midstream to buy NGL fractionator, pipeline in Texas from Southcross

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Epic Midstream to buy NGL fractionator, pipeline in Texas from Southcross

Epic Midstream Holdings LP is expanding its NGL footprint in Texas with an agreement to acquire a NGL fractionation facility in Corpus Christi and an associated pipeline from the midstream company Southcross Holdings Borrower LP.

The Robstown fractionator is capable of producing 64,000 barrels per day of NGLs, with an expansion underway to increase capacity to 68,000 bbl/d. The associated pipeline is a 57-mile system to bring NGL supplies to the facility.

Under the agreement, Epic would assume all NGL purchase and sale contracts supporting the Robstown facility, including those with Southcross Holdings' affiliate Southcross Energy Partners LP, according to an Oct. 10 news release. The acquisition would give Epic's NGL customers access to immediate fractionation capacity via the DCP Midstream LP-led Sand Hills NGL pipeline.

Epic is also building a 100,000 bbl/d fractionation unit near the Robstown facility that is expected to come online in the first quarter of 2020. The final phase of Epic's NGL pipeline, which is being converted to early crude service, is scheduled to begin NGL operations in January 2020. The final phase would run from Crane, Texas, to Corpus Christi.

Epic's main NGL and crude pipeline projects are supported by capital commitments from funds managed by the private equity group of Ares Management LP. Epic's midstream operations are centered in the Permian Basin and Eagle Ford Shale.