Permian Pipeline Launches Another Open Season
EPIC Crude Holdings, LP on Monday kicked off the third open season for the EPIC Crude Oil Pipeline, extending from the Permian Basin to the Texas Gulf Coast.
According to a written statement Monday from EPIC, the current open season will last until 5 p.m. Central time on Dec. 17, 2019. The company added the two previous open seasons were successful and closed on July 26, 2018, and Sept. 28, 2018.
Servicing the Delaware, Midland and Eagle Ford basins, the Crude Oil Pipeline runs parallel to the EPIC Y-Grade Pipeline from Orla, Texas, to the Port of Corpus Christi, Texas, EPIC stated. It includes terminals in Orla, Saragosa, Crane, Wink, Midland, Upton, Hobson and Gardendale and links to the refining and terminal infrastructure in Corpus Christi, the firm also noted.
In August of this year EPIC launched interim operations on the 24-inch-diameter Y-Grade Pipeline, which extends from Crane to the Port of Corpus Christi and can carry up to 400,000 barrels per day (bpd) of crude oil. The company notes on its website that it expects to complete the mainline construction of the 30-inch Crude Oil Pipeline in January 2020. Also, it stated the Crude Oil Pipeline will be expandable to transport up to 900,000 bpd.
EPIC also reported Monday that work on its Crude Export Dock in Corpus Christi – which will be capable of loading Aframax oil tankers carrying up to 750,000 barrels of crude – will finish during the fourth quarter of this year. The company is also building a second crude export dock at the facility that will be able to load Suezmax tankers capable of holding 1 million barrels of crude oil. That project should conclude during the third quarter of 2020, EPIC stated.
Earlier this month, Bloomberg reported that EPIC and Plains All American LP’s Cactus II pipeline have added more than 1 million bpd of crude takeaway capacity from the Permian.
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