EPIC Midstream Reports Option Exercise By Its Partners In EPIC Pipeline

(RTTNews) - EPIC Midstream Holdings, LP announced that Noble Midstream Partners LP (NBLX) exercised its option for a 30% equity stake in the EPIC Crude Pipeline Project and a 15% equity stake in the EPIC NGL Pipeline while Altus Midstream Company (ALTM), through one of its subsidiaries, and Rattler Midstream LP, a subsidiary of Diamondback Energy, Inc. (FANG), exercised options for 15% and 10%, respectively, in the EPIC Crude Pipeline Project.

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 Corp. (ARES).