An All-Around EPIC Win

An All-Around EPIC Win

EPIC Midstream’s vision to create a NGLs “super system” has officially been realized after only four years. Reese Energy Consulting today is following the latest news from Houston-based EPIC, which in 2017 set off to build an integrated pipeline and fractionation network that would offer a smaller but best-in-class alternative to a crowded Mt. Belvieu. The company kick-started its ambitious plans with construction of the 700-mile Y-Grade Pipeline to flow Permian and Eagle Ford NGLs to Gulf Coast refiners, petrochem companies, and export markets. But more work lay ahead. EPIC last year completed its first greenfield fractionator at its Corpus Christi site that connected the Y-Grade Pipeline with an initial 110 MBbls of fractionation capacity. Now, the final legs of this super system are done and open for business. EPIC has announced completion of a 165-mile NGLs pipeline that extends from the company’s Corpus Christi facility to the Sweeny, Texas, fractionation and storage complex, adding another 130 MBbls of owned capacity. EPIC also has put into service a 175-mile propane pipeline for deliveries to Sweeny. Congratulations to all on the latest EPIC achievement.

What do you think? Learn more about REC and our natural gas and NGLs expertise at www.ReeseEnergyConsulting.com.

EPIC Midstream

EPIC was formed in 2017 to build, own and operate midstream infrastructure in both the Permian and Eagle Basins. EPIC operates the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline that span approximately 700-miles servicing the Delaware, Midland Basins and Eagle Ford Shale.

epicmid.com

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Oh No, Mr. President. Not the Donuts.

Oh No, Mr. President. Not the Donuts.

​Reese Energy Consulting today will quickly recap the latest earnings news so we can move on to the more pressing matter striking fear in the hearts of Krispy Kreme and Dunkin’ Donuts. Energy Transfer, Enable, Continental, Devon, and EOG all reported stellar Q2 results, and the U.S. retains its title as the world’s top crude oil and NGLs producer. Nice job. Now, on to the plight facing the nation’s largest baked goods companies and their new, unexpected alliance with the oil and gas industry. The EPA now wants to increase biofuels volume requirements to further reduce fossil fuels dependence. Biodiesel is blended at the refinery using soy oil—a staple ingredient used by commercial kitchens and bakeries. Around 40% of the nation’s soy oil goes to producing 20 billion gallons a year of biofuels with the rest reserved for manufacturing food. So, our baked goods friends are sounding the alarm that an increase of the EPA’s Renewable Fuel Standard level would tighten, if not choke, our consumption of sugar-glazed joy, while smaller refineries could be forced into bankruptcy. The end of a Baker’s Dozen?

What do you think? Learn more about REC and our range of energy services at www.ReeseEnergyConsulting.com.

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