EPIC Midstream Holdings, LP’s Acquisition of Robstown NGL fractionation facility

Kirkland & Ellis LLP represented EPIC Y-Grade Holdings, LP, an affiliate of EPIC Midstream Holdings, LP (EPIC), in the purchasing from Southcross Holdings Borrower LP of the Robstown NGL fractionation facility located near Corpus Christi, Texas.

The purchase will also include a 57-mile pipeline that will enable the Robstown facility to receive natural gas liquids from various pipelines that allow the delivery of fractionated products to several Corpus Christi-area markets. EPIC will assume all of the NGL purchase and sale agreements associated with the fractionator including those with Southcross Energy Partners, LP, a Southcross Holdings affiliate.

The Robstown fractionator has a current capacity of 64 thousand barrels per day (MB/D) of NGLs with an expansion underway to 68 MB/D of capacity. The purchase of the Robstown fractionator provides immediate fractionation capacity to EPIC NGL customers via Sand Hills Pipeline. EPIC will have incremental NGL fractionation capacity during first quarter 2020 once its new 100 MB/D fractionation unit under construction near the Robstown facility comes online and the final phase of the EPIC NGL Pipeline is returned from early crude service in January 2020.

Kirkland & Ellis LLP represented EPIC with a team including John Pitts (Picture) and Chad Smith and associates Ahmed Sidik and Will Mabry; and debt finance partner Lucas Spivey.

Involved fees earner: John Pitts – Kirkland & Ellis; Chad Smith – Kirkland & Ellis; Ahmed Sidik – Kirkland & Ellis; Lucas Spivey – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: EPIC Midstream Holdings, LP ;

Author: Ambrogio Visconti