EPIC

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.

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

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

• Midstream pipeline transportation
• Crude oil logistics
• Natural gas liquids
• Pipeline integrity services
• Energy infrastructure

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core 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

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered strategic, core, major and minor.

• TosistrategicTechnology or Integration · 12 December 2025Tosi 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 PipelinecoreStrategic or Co-development Partner · 7 November 2025Plains 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 66coreStrategic or Co-development Partner · 7 January 2025Phillips 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 PartnerscoreStrategic or Co-development Partner · 23 December 2024Howard Energy Partners acquired EPIC Olefins (120-mile ethylene pipeline) from EPIC. Transaction completed the successful development, operation and divestiture of critical midstream infrastructure.
• Diamondback EnergycoreStrategic or Co-development Partner · 24 September 2024Diamondback 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 HoldingscoreStrategic or Co-development Partner · 24 September 2024Kinetik 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 CorporationcoreStrategic or Co-development Partner · 1 January 2024Chevron 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 AuthoritystrategicStrategic or Co-development Partner · 22 February 2022MoU 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 PlattsmajorTechnology or Integration · 1 January 2022S&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 MPLXmajorStrategic or Co-development Partner · 5 August 2020EPIC 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 CorporationmajorStrategic or Co-development Partner · 10 May 2018Apache 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 EnergymajorStrategic or Co-development Partner · 10 May 2018Noble 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 or Co-development Partner · 1 January 2018Strategic arrangement for NGL pipeline, operating in joint venture with ARM Energy Holdings LLC and funds managed by Ares Management.
• BP Energy CompanymajorStrategic or Co-development Partner · 1 January 2017BP 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

Direct 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

• LinkedInlinkedin.com/company/epicmid

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EPIC