Port of Corpus Christi congratulates EPIC on first crude oil shipment
Dec 11, 2019
Corpus Christi, TX, USA – EPIC Midstream has completed the loading of its first shipment of crude oil from its new dock in the Inner Harbor, another milestone in the Port of Corpus Christi’s continued growth as a net exporter of American energy.
“With the safe loading of its first vessel from the Port of Corpus Christi, we extend a hearty congratulations to Phil Mezey, EPIC Midstream CEO, and his team,” said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi. “As increasingly more Texas crude oil production finds its way to the most competitive gateway on the entire U.S. Gulf Coast, the Port of Corpus Christi continues its record-breaking economic evolution as the true Energy Port of the Americas™.”
The Port of Corpus Christi currently is the nation’s third largest port by total revenue tonnage and is the second largest exporter of U.S. crude oil.
“The EPIC Marine Terminal adds a much needed export location for the Delaware, Permian and Eagle Ford Basins,” said Phillip Mezey, Chief Executive Officer for EPIC. “We are proud to partner with the Port of Corpus Christi to provide this vital export service.”
About Port Corpus Christi
As a leader in U.S. Crude Oil export ports and a major economic engine of Texas and the nation, Port Corpus Christi is the 3rd largest port in the United States in total revenue tonnage. Strategically located on the western Gulf of Mexico with a 36-mile, soon to be 54 foot (MLLW) deep channel, Port Corpus Christi is a major gateway to international and domestic maritime commerce. The Port has excellent railroad and highway network connectivity via three North American Class-1 railroads and two major interstate highways. With an outstanding staff overseen by its seven-member commission, Port Corpus Christi is “Moving America’s Energy.” https://www.portofcc.com/
About EPIC Crude Holdings, LP
EPIC Crude Holdings, LP (“EPIC Crude”) was formed in 2017 to build and operate the EPIC Crude Oil Pipeline, a 700-mile, 30” crude oil pipeline which will extend from Orla, Texas to the Port of Corpus Christi, Texas, servicing the Delaware, Midland and Eagle Ford Basins. The mainline is expected to be complete in January 2020 and will have an initial capacity of 600,000 barrels of oil per day, with throughput anticipated to begin ramping up during the first quarter of 2020. EPIC Crude will have approximately 7.5 MM barrels of storage across the system. EPIC Crude is backed by capital commitments from funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) as well as additional equity ownership by Noble Midstream Partners, L.P. (NYSE: NBLX), Altus Midstream Company (NASDAQ: ALTM) and Rattler Midstream LP (NASDAQ: RTLR). For more information, visit www.epicmid.com.
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