SAN ANTONIO—EPIC Y-Grade LP is pleased to announce that a subsidiary will construct a second, 110,000-barrel-per-day (bbl/d) greenfield fractionator at its Robstown, Texas, fractionation complex which currently consists of 70,000 bbl/d of operational fractionation capacity and EPIC’s first greenfield fractionator that is still under construction.
The decision to sanction the second greenfield fractionator resulted from EPIC’s continued success securing fixed-fee multiyear supply contracts with several gathering and processing companies in the Permian Basin.
In conjunction with making the Final Investment Decision, the company upsized its existing Term Loan B by $150 million to finance the project. This upsize brings the total borrowing base of the company to $950 million.
“We continue to execute on our strategic plan of bringing NGL supply for fractionation in the Corpus Christi, Texas, marketplace,” said Phillip Mezey, CEO of EPIC. “Our customers value EPIC as a strategic alternative to Mont Belvieu and we are committed to providing them the highest level of service.”
Recommended Reading
Diamondback Energy Closes $4.1B Double Eagle IV Acquisition
2025-04-02 - Diamondback Energy Inc. closed on its approximately $4.1 billion deal to buy EnCap Investments’ Double Eagle IV, adding approximately 40,000 net acres in the Midland Basin to its portfolio.
SM Energy Marries Wildcatting and Analytics in the Oil Patch
2025-04-01 - As E&P SM Energy explores in Texas and Utah, Herb Vogel’s approach is far from a Hail Mary.
Waterous Raises $1B PE Fund for Canadian Oil, Gas Investments
2025-04-01 - Waterous Energy Fund (WEF) raised US$1 billion for its third fund and backed oil sands producer Greenfire Resources.
Williams Commissions Two NatGas Projects to Expand Transco Network
2025-04-01 - Midstream company Williams Cos. added to its network capacity in the southern U.S. with the commissioning of the Southeast Energy Connector and the Texas to Louisiana Energy Pathway.
CenterPoint Energy Completes NatGas Pipeline Sale to Bernhard
2025-04-01 - CenterPoint Energy Inc. has closed on a sale of natural gas distribution utilities in Louisiana and Mississippi to Bernhard Capital Partners.