Wedoany.com Report-Jan 9,Howard Energy Partners (HEP) today announced that it has closed on the purchase of EPIC Midstream Holdings’ ethylene pipeline. The 120-mile, 12-inch, bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas. In addition to increasing HEP’s overall footprint in the Gulf Coast region, the newly acquired ethylene pipeline offers unique synergies with HEP’s existing Javelina Plant, a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams produced by local refineries.
“This acquisition aligns with our long-term strategy of building a diversified midstream company through organic growth and acquisitions, anchored by long-term contracts,” said Mike Howard, Howard Energy Partners’ Chairman and Chief Executive Officer. “I want to thank our internal team for executing on this opportunity. We look forward to additional growth in 2025.”
This year marked a record for HEP in M&A activity, with several material transactions totaling more than $1.1 billion. HEP now owns and operates more than 1,500 miles of pipeline, nearly 1 billion cubic feet per day of cryogenic processing capacity, and nearly 2.5 billion barrels of tank storage capacity in the United States and Mexico.
Kirkland & Ellis LLP were legal advisors to EPIC Midstream Holdings. Bracewell LLP and Sidley Austin LLP served as legal advisors to HEP.
ABOUT HOWARD ENERGY PARTNERS
Headquartered in San Antonio, Texas, Howard Energy Partners is one of the nation’s largest private energy infrastructure companies, owning and operating a unique portfolio of assets in Texas, New Mexico, Pennsylvania, Oklahoma, and Mexico.
