Noble Midstream Partners closes option to invest in the EPIC Crude Pipeline
Noble Midstream Partners has announced it has closed its option with EPIC Midstream Holdings, LP to acquire a 30 percent equity interest in the EPIC Crude Pipeline. A $104 million catch-up payment for the project was contributed at close.
EPIC was formed in 2017 to build, own, and operate midstream infrastructure in both the Permian and Eagle Ford Basins. EPIC’s first two projects, the EPIC Crude Oil Pipeline and the EPIC NGL Pipeline, will transport crude and NGL across Texas for delivery into the Corpus Christi market.
The EPIC Pipelines are backed by capital commitments from funds managed by the Private Equity Group of Ares Management.
For more information visit www.epicmid.com
11th March 2019