EPIC
EPIC Midstream Holdings is a private Ares Management-backed Texas midstream holding company that developed Permian-to-Gulf Coast crude, NGL, and ethylene pipeline systems, then divested all three for approximately $5.25 billion, retaining Midstream Integrity Services to deliver control room, integrity, compliance, and fiber services to 30+ oil and gas customers.
- Company typePrivate
- Founded2017
- HeadquartersSan Antonio, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What EPIC does
EPIC (EPIC Midstream Holdings, LP) is a Texas-domiciled private midstream holding company founded in 2017 by Ares Management Corporation's Private Equity Group to develop and operate energy infrastructure connecting the Permian Basin (Delaware and Midland sub-basins) and Eagle Ford shale to Texas Gulf Coast markets. The company built three integrated pipeline systems — EPIC Crude (approximately 700 miles, 600,000+ bpd nameplate capacity, expandable to 1 million bpd, with nearly 7 million barrels of storage at Robstown Terminal), EPIC Y-Grade (885 miles of NGL pipelines plus 350 miles of purity product lines and 170,000 bpd of Robstown fractionation), and EPIC Olefins (120-mile bi-directional ethylene pipeline serving GCGV) — supported by a proprietary fiber optic and SCADA monitoring system covering 1,600+ miles for real-time leak detection, intrusion detection, and structural monitoring. The company generated fee-based revenue under long-term take-or-pay contracts with minimum volume commitments from anchor shippers including Diamondback Energy, Kinetik Holdings, Chevron, Apache, Noble Energy, BP Energy, Phillips 66, and Gulf Coast Growth Ventures.
Following successful development and operation, EPIC divested all three pipeline businesses between December 2024 and November 2025 for approximately $5.25 billion in cumulative gross transaction value — EPIC Olefins sold to Howard Energy Partners (December 2024), EPIC Y-Grade sold to Phillips 66 for $2.20 billion (April 2025), and EPIC Crude sold to Plains All American Pipeline for approximately $3.05 billion (November 2025). The residual operating entity is now consolidated around Midstream Integrity Services (MIS), a wholly-owned subsidiary founded in 2015 that provides contract control room, integrity and cathodic protection, compliance, measurement, and fiber/telecommunication services to more than 30 public and private oil and gas companies. The company's go-to-market model combines enterprise direct sales (negotiated anchor-shipper contracts with equity co-investment from producers) with a channel partnership approach leveraging strategic producer equity partners. Pricing is not publicly disclosed and is determined through commercial negotiations with shippers under multi-year take-or-pay agreements.
EPIC firmographics
Firmographics- Name
- EPIC
- Legal name
- EPIC Midstream Holdings, LP
- Website
- https://epicmid.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- EPIC Midstream Holdings is a private Ares Management-backed Texas midstream holding company that developed Permian-to-Gulf Coast crude, NGL, and ethylene pipeline systems, then divested all three for approximately $5.25 billion, retaining Midstream Integrity Services to deliver control room, integrity, compliance, and fiber services to 30+ oil and gas customers.
- Ownership category
- akta.pro rank
EPIC industry classification
Industry- Product category
- Oil & Gas Midstream Services
- NAICS
- Engineering Services (54133), Architectural, Engineering, and Related Services (5413)
- SIC
- Oil & Gas Field Services, Nec (1389), Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Gas Pipeline & Midstream Asset Management (EUAEAMAF)
- akta.pro secondary industries
- Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF), Leak Detection, Emissions & LDAR Testing (OGI, methane, fugitive emissions) (EUAEAHAL)
Keywords
Where EPIC is headquartered
LocationHeadquarters
- HQ city
- San Antonio
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
EPIC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations
Revenue model
- Crude Oil Pipeline Transportation: Fee-based transportation services for crude oil from Permian Basin (Delaware and Midland) and Eagle Ford to Corpus Christi market. Revenue generated through long-term take-or-pay contracts with minimum volume commitments (MVCs) from anchor shippers.
- NGL Pipeline and Fractionation Services: Transportation of natural gas liquids via 885 miles of NGL pipelines and 350 miles of purity product pipelines, plus 170,000 barrels per day fractionation capacity. Revenue from fee-based services under multi-year contracts.
- Midstream Integrity Services (MIS): Contract control room, integrity and cathodic protection, compliance, measurement, and fiber/telecommunication services to oil and gas industry. Provides services to more than 30 public and private companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Fee-based pipeline transportation with MVC contracts |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
EPIC product offering
Product offeringCore offering
EPIC is a midstream infrastructure holding company that historically built and operated crude oil, natural gas liquids (NGL), and ethylene pipeline systems connecting Permian Basin and Eagle Ford production to Texas Gulf Coast markets. Following 2024-2025 divestitures of its crude, NGL, and olefins businesses (collectively ~$5.25 billion in gross transaction value), EPIC's current core operation is its wholly owned subsidiary Midstream Integrity Services (MIS), which delivers contract control room, integrity and cathodic protection, compliance, measurement, and fiber/telecommunication services to oil and gas companies.
Product overview
EPIC (EPIC Consolidated Operations, LLC) is a midstream infrastructure company founded in 2017, backed by funds managed by the Private Equity Group of Ares Management Corporation. Following the successful divestitures of its crude, NGL, and olefins businesses (collectively driving approximately $5.25 billion in gross transaction value), EPIC's remaining core product is Midstream Integrity Services (MIS). MIS provides contract control room, integrity and cathodic protection, compliance, measurement, and fiber/telecommunication services to oil and gas companies. The company's previous operations included EPIC Crude (crude oil pipeline sold to Plains All American), EPIC NGL/Y-Grade (NGL pipeline sold to Phillips 66), and EPIC Olefins (ethylene pipeline sold to Howard Energy Partners).
Differentiator
Problem solved
Functional benefit
Products and services
- Midstream Integrity Services (MIS) Wholly owned subsidiary providing contract control room, integrity and cathodic protection, compliance, measurement, and fiber/telecommunication services to oil and gas industry companies. Founded in 2015, MIS serves more than 30 public and private companies and is EPIC's remaining core operating business following the 2024-2025 divestitures.
- EPIC Crude Oil Pipeline Crude oil pipeline system that connected the Delaware and Midland Basins and the Eagle Ford to EPIC's Robstown Terminal near Corpus Christi, Texas. The system included more than 800 miles of pipeline with nameplate capacity of 600,000 barrels per day (expandable to 1 million bpd) and nearly 7 million barrels of operational storage. Divested to Plains All American Pipeline on November 1, 2025.
- EPIC NGL (Y-Grade) Pipeline and Fractionation Natural gas liquids pipeline and fractionation system linking NGL supply in the Permian Basin and Eagle Ford to Gulf Coast refiners, petrochemical companies, and export markets. System included 885 miles of NGL pipelines, 350 miles of purity product pipelines, and 170,000 barrels per day of fractionation capacity at Robstown, Texas. Divested to Phillips 66 on April 1, 2025.
- EPIC Olefins Ethylene Pipeline 120-mile, 12-inch, bi-directional ethylene pipeline connecting Gulf Coast Growth Ventures' ethane cracker in Gregory, Texas to ethylene storage in Markham, Texas. Initial design capacity of 7.8 million pounds per day, expandable to meet growing ethylene demand. Divested to Howard Energy Partners on December 23, 2024.
Quantifiable outcome
- 600,000+ barrels per day throughput capacity, expandable to 1,000,000 bpd
- +4 more outcomes
Companies that use EPIC
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
EPIC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
EPIC partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered strategic, core, major and minor.
- TosistrategicTosi secured its largest subscription agreement with EPIC Crude for comprehensive replacement and ongoing management of EPIC Crude's 800-mile OT network infrastructure across Texas. Deal deploys 675 Tosi devices with TosiSIM connectivity and professional services.
- Plains All American PipelinecorePlains acquired EPIC Crude from EPIC, completing purchase of 45% operated interest from EPIC and 55% non-operated interest from Diamondback and Kinetik. Transaction valued EPIC Crude at approximately $3.05 billion total.
- Phillips 66corePhillips 66 acquired EPIC Y-Grade for $2.20 billion in April 2025. Phillips 66 had previously been a customer with multi-year storage and transportation agreements. Transaction affirmed EPIC's team, strategy, and execution.
- Howard Energy PartnerscoreHoward Energy Partners acquired EPIC Olefins (120-mile ethylene pipeline) from EPIC. Transaction completed the successful development, operation and divestiture of critical midstream infrastructure.
- Diamondback EnergycoreDiamondback acquired 27.5% equity interest in EPIC Crude alongside Kinetik. Diamondback converted its commitment to 200 MBpd volume commitment to accommodate additional crude from its merger with Endeavor Energy Resources. Long-term contracts extend to 2035 with minimum volume commitments.
- Kinetik HoldingscoreKinetik acquired 27.5% equity interest in EPIC Crude alongside Diamondback. Entered new transportation arrangement with EPIC Crude and new connection between Kinetik's crude gathering system and EPIC Crude pipeline. Long-term contracts extending to 2035.
- Chevron CorporationcoreChevron holds equity ownership in EPIC Crude and EPIC Y-Grade. Strategic partner providing long-term volume commitments and access to Permian Basin production.
- Port of Corpus Christi AuthoritystrategicMoU signed for Gigawatt-Scale Green Fuels Hub on Texas Gulf Coast, partnering with Apex Clean Energy, Ares Management, and EPIC Midstream to develop sustainable energy infrastructure.
- S&P Global PlattsmajorS&P Global Platts included EPIC Crude Marine Terminal in Corpus Christi as pre-approved terminal for WTI Midland crude oil in its Platts Dated Brent and Cash BFOE price assessment, the world's leading crude benchmark.
- WhiteWater Midstream and MPLXmajorEPIC sold undivided joint interest in EPIC Y-grade pipeline from Benedum to Gardendale to WhiteWater Midstream and MPLX, along with transportation agreements on certain segments. Strategic transaction provided capital for reinvestment and expanded market connectivity.
- Apache CorporationmajorApache anchored EPIC Crude Oil Pipeline with 75 MBbl/d capacity commitment and option to acquire up to 15% equity. Acreage dedication from Delaware and Midland Basin operations. Later served as Senior VP of Midstream and Marketing for Apache.
- Noble EnergymajorNoble Energy anchored EPIC Crude Oil Pipeline with 100 MBbl/d capacity commitment and option to acquire up to 30% equity in crude pipeline and up to 15% in NGL pipeline. Supported Delaware Basin volumes.
- Salt Creek MidstreamminorStrategic arrangement for NGL pipeline, operating in joint venture with ARM Energy Holdings LLC and funds managed by Ares Management.
- BP Energy CompanymajorBP Energy Company anchored the EPIC NGL Pipeline through definitive agreement, linking NGL reserves in Permian and Eagle Ford to Gulf Coast markets.
Scale indicators7 records
Recent moves9 records
Expansion highlights4 records
EPIC competitors and assessment
Company assessmentDirect peers
- Plains All American Pipeline: Plains acquired EPIC Crude for ~$3.05B in Nov-2025, taking over the 800+ mile, 600,000 bpd Permian-to-Corpus Christi pipeline. Plains is one of the largest US crude midstream operators and is now the direct owner and operator of EPIC's former flagship asset.
- Phillips 66: Phillips 66 acquired EPIC Y-Grade for $2.2B in Apr-2025, taking over 885 miles of NGL pipelines, 350 miles of purity pipelines, and 170,000 bpd of Robstown fractionation. Phillips 66 is a major integrated refiner/marketer with growing midstream/NGL exposure overlapping EPIC's historical footprint.
- Targa Resources: Targa is a leading Permian-focused NGL and natural gas processor and fractionator with overlapping customer base and Permian-to-Gulf Coast logistics. Operates competing fractionation capacity to former EPIC Y-Grade at Mont Belvieu and Galena Park.
- ONEOK: Major US NGL and natural gas midstream operator with a large Permian/Bakken/Williston NGL gathering system and fractionation at Mont Belvieu. Direct overlap with EPIC's historical NGL transportation and fractionation business.
- Howard Energy Partners: Acquired EPIC Olefins (120-mile, 12-inch ethylene pipeline) in Dec-2024. Howard is a mid-sized Permian/Mexico-focused midstream operator with gathering, processing, and pipeline assets that closely mirror the asset profile of EPIC's former business lines.
- WhiteWater Midstream: Permian and Eagle Ford NGL-focused midstream company that bought a joint interest in EPIC Y-Grade pipeline segments from Benedum to Gardendale in 2020. Operates competing Permian-to-Gulf Coast NGL takeaway with MPLX.
- EnLink Midstream: Permian and Mid-Continent midstream operator with gathering, processing, and NGL/pipeline assets. CFO Michael Garberding was previously President/CEO and EVP/CFO of EnLink, making it a directly comparable midstream platform with which EPIC's management has deep operating familiarity.
Broad incumbents
- Energy Transfer: One of the largest US midstream operators with extensive Permian crude, NGL, and natural gas pipeline systems. George Millas (EPIC's CCO) previously led Permian gathering and processing at Energy Transfer, making it a directly comparable large-cap midstream incumbent.
- Enterprise Products Partners: Largest US NGL franchise (including Mont Belvieu fractionation) and a major integrated midstream operator. Competes directly with the former EPIC Y-Grade system on Permian-to-Gulf Coast NGL takeaway and fractionation services.
- Kinder Morgan: Largest US energy infrastructure operator with major crude, NGL, and product pipelines including Gulf Coast and Permian assets. Broad incumbent competing with former EPIC Crude and Y-Grade systems for Permian producer volumes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
EPIC social profiles
Digital presenceEPIC financial estimates
Financial estimateRevenue estimate
Valuation estimate
EPIC leadership team
Management profileNumber of profiles
Profiles8 records
EPIC subsidiaries and ownership
Company hierarchySubsidiaries1 record
EPIC funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EPIC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EPIC
What does EPIC do?
EPIC is a midstream infrastructure holding company that historically built and operated crude oil, natural gas liquids (NGL), and ethylene pipeline systems connecting Permian Basin and Eagle Ford production to Texas Gulf Coast markets. Following 2024-2025 divestitures of its crude, NGL, and olefins businesses (collectively ~$5.25 billion in gross transaction value), EPIC's current core operation is its wholly owned subsidiary Midstream Integrity Services (MIS), which delivers contract control room, integrity and cathodic protection, compliance, measurement, and fiber/telecommunication services to oil and gas companies.
Is EPIC a public or private company?
EPIC is a private company. It is classified as private equity controlled and is currently operating.
When was EPIC founded?
EPIC was founded in 2017. It employs 251 to 500 people.
Where is EPIC based?
EPIC is headquartered in San Antonio, United States, in the North America region.
How does EPIC make money?
Three revenue lines are on record. Crude Oil Pipeline Transportation is the primary driver. The others are NGL Pipeline and Fractionation Services and midstream Integrity Services (MIS).
Who are EPIC's main competitors?
Direct peers on record are Plains All American Pipeline, Phillips 66, Targa Resources, ONEOK, Howard Energy Partners, WhiteWater Midstream and EnLink Midstream. Broad incumbents are Energy Transfer, Enterprise Products Partners and Kinder Morgan.
Does EPIC have an API?
No public API is recorded for EPIC.
What industry is EPIC in?
EPIC's product category is Oil & Gas Midstream Services. Its primary akta.pro industry code is EUAEAMAF, Gas Pipeline & Midstream Asset Management, with a secondary code of EUAEAGAF, Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations). Its NAICS code is 54133 and its SIC code is 1389.