A proposed 730-mile cross-Texas pipeline will take crude oil and condensates from the Permian Basin to the Port of Corpus Christi and other area drop-offs, and will more than double the amount of crude oil coming into the area.
The so-called EPIC (Eagle Ford, Permian, Ingleside and Corpus) pipeline will have a maximum capacity of 440,000 barrels per day of crude oil and condensates.
It is expected to be operational in the first quarter of 2019. The pipeline will transport crude oil and condensate from Orla, Pecos, Crane and Midland in West Texas’ Permian Basin to an affiliate’s marine terminal on the Corpus Christi Inner Harbor providing access to producers in both the Delaware and Midland basins, according to a news release.
EPIC is being sponsored by San Antonio-based midstream company TexStar, Texas-based midstream company Ironwood Midstream Energy Partners and Stamford, Connecticut-based commodities trader Castleton Commodities International.
The companies are currently bidding out the first 200,000 barrels of pipeline capacity and have not said how much it will cost to build the pipeline or when they plan to start construction, but say the pipeline will be operational by the first quarter of 2019.
“TexStar and its partners are excited to extend our business into the Permian Basin, where we see tremendous opportunity and continued growth,” Phil Mezey, CEO of TexStar’s general partner, said in a statement.
“TexStar has a proven track record of building crude oil pipelines in emerging areas and looks forward to expanding upon its relationships with producers to make the project a success.”
The new EPIC pipeline will be the second Permian Basin-to-Corpus Christi regional project, and will more than double the amount of crude oil coming into the area.
Houston-based Plains All American already moves 250,000 barrels of oil a day through its Cactus Pipeline, and is expanding to 390,000 barrels per day.