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.”
The investment bank said key oil products markets are showing "steep backwardation and inventories that have fallen to low levels."
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
June 2021: Brinninstool West Field-Wolfcamp Well: 5,453 bbl of Oil, 9.779 MMcf of Gas per Day