EPIC Crude Holdings LP on Oct. 28 announced that it is holding a third open season for its EPIC Crude Oil Pipeline.
The open season will commence at 8 a.m. CDT Oct. 28 and will end at 5 p.m. CST Dec. 17. The crude oil pipeline successfully closed its first open season on July 26, 2018 and its second open season on Sept. 28, 2018.
The crude oil pipeline runs parallel to the EPIC Y-Grade Pipeline that extends from Orla, Texas to the Port of Corpus Christi, Texas and includes terminals in Orla, Saragosa, Crane, Wink, Midland, Upton, Hobson and Gardendale, with connectivity to the Corpus Refining market as well as multiple terminals in the Port of Corpus Christi for export access. The crude oil pipeline services the Delaware, Midland and Eagle Ford basins.
EPIC began interim crude operations in August, utilizing the 24-inch Y-Grade Pipeline, which can ship up to 400,000 barrels of oil per day (bbl/d) and stretches from Crane, Texas to terminals in Corpus Christi and Ingleside. Once the planned 30-inch crude oil pipeline is completed in first-quarter 2020, EPIC will have initial capacity to transport 600,000 bbl/d. The crude oil pipeline is expandable to transport up to 900,000 bbl/d.
The EPIC Crude Export Dock in Corpus Christi is expected to be completed in the fourth quarter of 2019 and will be capable of loading Aframax tankers that carry up to 750,000 barrels. Additionally, EPIC is constructing a second crude export dock to be completed by the third quarter of 2020 and with a capability of loading Suezmax tankers that carry up to 1 million barrels.
The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.
New executives at GTI, the energy technology group, are promoting a range of technologies to solve industry challenges.
The transformation toward automation is advancing in the U.S. land drilling environment.