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EPIC Companies LLC

Company Summary

Description

EPIC is a major P&A service provider in the U.S. Gulf of Mexico and an affiliate of ONR

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Company Transactions

Date: 3/11/2019
Type: Acquisition

BUYERS:
  • Noble Midstream Partners
    • SELLERS:
  • EPIC Companies LLC
    • ASSETS:
  • EPIC NGL Pipeline
    • PROJECTS:
  • EPIC Crude Pipeline
  • EPIC NGL Pipeline Phase 1
  • EPIC NGL Pipeline Phase 2
  • EPIC NGL Pipeline Phase 3
    • DETAILS:

    COST: 513 $MM

    NOTES:
    Acquisition of a 30% equity stake in the EPIC Crude Pipeline and a 15% equity stake in the EPIC NGL Pipeline. Noble Midstream’s total cash equity investment is anticipated to be approximately $165 to $180 million for the EPIC Y-Grade Pipeline and $330 to $350 million for the EPIC Crude Oil Pipeline
    REGIONS:
  • Permian Basin
  • Gulf Coast

    • Date: 2/15/2019
    Type: Acquisition

    BUYERS:
  • Kinetik Holdings Inc.
    • SELLERS:
  • EPIC Companies LLC
    • PROJECTS:
  • EPIC Crude Pipeline
    • DETAILS:

    COST: 113 $MM

    NOTES:
    Acquisition of a 10% equity stake in the EPIC Crude Oil Pipeline System. Based on Noble's estimates, the 10% stake will cost Altus approx. $113 million.
    REGIONS:
  • Permian Basin
  • Gulf Coast

    • Date: 2/15/2019
    Type: Acquisition

    BUYERS:
  • Rattler Midstream LLC
    • SELLERS:
  • EPIC Companies LLC
    • PROJECTS:
  • EPIC Crude Pipeline
    • DETAILS:

    COST: 170 $MM

    NOTES:
    Acquisition of a 15% equity stake in the EPIC Crude Oil Pipeline System. Based on Noble's estimates, the 10% stake will cost Rattler approx. $170 million.
    REGIONS:
  • Permian Basin
  • Gulf Coast