Business
EPIC Successfully Completes Sale of EPIC Crude to Plains All American
HOUSTON, November 07, 2025--EPIC Midstream Holdings ("EPIC") announced that it has completed the sale of its 45% operated interest in EPIC Crude Holdings, LP ("EPIC Crude") to Plains All American Pipeline (NASDAQ: PAA)("Plains"). Plains had already completed the purchase of 55% of EPIC Crude’s non-operated interest from Diamondback Energy (NASDAQ: FANG) and Kinetik Holdings, Inc (NYSE: KNTK). EPIC Crude owns long haul crude oil pipelines and associated oil terminal/logistics facilities that serv
About this update from Plains All American Pipeline, L.p.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1443,"height":573,"url":"https://media.zenfs.com/en/business-wire.com/013d348dc982a8c3689c1a92b3c43d9e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gPj1bInyhgrwS.zuJYMrCw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM4MTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/013d348dc982a8c3689c1a92b3c43d9e","width":960,"height":381},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/TaofSsbDNUhPGh5GbrRFag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD05NTQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/013d348dc982a8c3689c1a92b3c43d9e","width":1200,"height":477}},"lazy":false},{"type":"text","content":"With Sale of EPIC Crude, Y-Grade and Olefins Businesses in Last 10 Months, EPIC Has Now Driven Gross Transaction Value of Approximately $5.25 Billion","length":149,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, November 07, 2025--(BUSINESS WIRE)--EPIC Midstream Holdings ("EPIC") announced that it has completed the sale of its 45% operated interest in EPIC Crude Holdings, LP ("EPIC Crude") to Plains All American Pipeline (NASDAQ: PAA)("Plains"). Plains had already completed the purchase of 55% of EPIC Crude’s non-operated interest from Diamondback Energy (NASDAQ: FANG) and Kinetik Holdings, Inc (NYSE: KNTK). EPIC Crude owns long haul crude oil pipelines and associated oil terminal/logistics facilities that serve both the Permian and Eagle Ford basins.","length":588,"tagName":"p"},{"type":"text","content":"The completion of the sale of EPIC Crude marks the third divestiture by EPIC in the last 10 months. The three transactions have collectively driven gross transaction value of approximately $5.25 billion.","length":203,"tagName":"p"},{"type":"text","content":""Over the last several years, EPIC has transformed its Crude business, and this transaction underscores the strength of our team, strategy, and execution," said Brian Freed, Chief Executive Officer of EPIC. "We developed a strategic footprint in Corpus Christi with downstream interconnectivity to our export facility and third-party terminals and refineries, as well as multiple interconnections in the top U.S. oil basin, the Permian. We believe Plains will be a great owner to steward th...