EPIC Crude’s Strategic Position in the Premium Corpus Christi Market Continues to Advance

News

EPIC Crude’s Strategic Position in the Premium Corpus Christi Market Continues to Advance

2025-06-24 18:59 Last Updated At：19:11

HOUSTON--(BUSINESS WIRE)--Jun 24, 2025--

EPIC Crude Holdings, LP (“EPIC Crude” or “the Company”) is excited that the Port of Corpus Christi has finalized their significant four-phase Channel Improvement Project (“CIP Project”) that began in 2017. The CIP Project deepened the channel from 47 to 54 feet and widened the channel to 530 feet from 400 feet, all centered on accommodating the growing demand for larger vessels. The CIP Project was focused on expanding the waterways for larger vessels and two-way traffic while reducing overall transportation costs. This will allow the Port of Corpus Christi to enable more efficient transport of crude oil, liquefied natural gas and other commodities given its focus on exporting hydrocarbons.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250624625888/en/

EPIC Crude is strategically positioned in Corpus Christi with its ability to access the two market-leading VLCC capable export facilities as well as local refineries and other export docks. EPIC Crude’s goal is to provide its crude transportation customers with the greatest optionality for end market delivery in the most economic market, Corpus Christi.

Customers recognize EPIC Crude’s differentiated strategy of providing equal access to all markets and premier docks in Corpus Christi and Ingleside, providing access to the Dated Brent market through the EPIC dock, and providing an opportunity to economically expand the pipeline to provide additional take-away capacity out of the Permian to the premium Corpus Christi market.

“Our long-term partnership with the Port of Corpus Christi has been tremendous given their focus on creating the premier energy export facility in the U.S.," said Brian Freed, Chief Executive Officer of EPIC. “The results of this work can be seen through our business success with EPIC Crude transporting more than 600,000 MBpd to the Corpus Christi market. At the end of the day, we are focused on providing safe and reliable crude oil transport out of the Delaware, Midland and Eagle Ford basins into the Corpus Christi market.”

About EPIC Crude Holdings, LP
EPIC Crude Holdings, LP (“EPIC Crude”) was formed in 2017 to build and operate the EPIC Crude Oil Pipeline, a 700-mile, 30” crude oil pipeline that extends from Orla, Texas to the Port of Corpus Christi and services the Midland, Delaware and Eagle Ford basins. The Crude Oil Pipeline is currently operating at a capacity of greater than 600,000 barrels per day (bpd) and has a maximum capacity of 1,000,000 bpd, as well as total operational storage of approximately 6,800,000 barrels. EPIC Crude includes terminals in Orla, Pecos, Saragosa, Crane, Wink, Midland, Helena and Gardendale, with Port of Corpus Christi connectivity and export access. EPIC Crude is a portfolio company of funds managed by the Private Equity Group of Ares Management as well as additional equity ownership by Kinetik Holdings Inc. (NYSE: KNTK) and Diamondback Energy (NASDAQ: FANG). For more information, visit www.epicmid.com.

Thousands of nurses go on strike at several major New York City hospitals

NEW YORK (AP) — Thousands of nurses in three hospital systems in New York City went on strike Monday after negotiations through the weekend failed to yield breakthroughs in their contract disputes.

The strike was taking place at The Mount Sinai Hospital and two of its satellite campuses, with picket lines forming. The other affected hospitals are NewYork-Presbyterian and Montefiore Medical Center in the Bronx.

About 15,000 nurses are involved in the strike, according to New York State Nurses Association.

“After months of bargaining, management refused to make meaningful progress on core issues that nurses have been fighting for: safe staffing for patients, healthcare benefits for nurses, and workplace violence protections,” the union said in a statement issued Monday. “Management at the richest hospitals in New York City are threatening to discontinue or radically cut nurses’ health benefits.”

The strike, which comes during a severe flu season, could potentially force the hospitals to transfer patients, cancel procedures or divert ambulances. It could also put a strain on city hospitals not involved in the contract dispute, as patients avoid the medical centers hit by the strike.

The hospitals involved have been hiring temporary nurses to try and fill the labor gap during the walkout, and said in a statement during negotiations that they would “do whatever is necessary to minimize disruptions.” Montefiore posted a message assuring patients that appointments would be kept.

“NYSNA’s leaders continue to double down on their $3.6 billion in reckless demands, including nearly 40% wage increases, and their troubling proposals like demanding that a nurse not be terminated if found to be compromised by drugs or alcohol while on the job," Montefiore spokesperson Joe Solmonese said Monday after the strike had started. "We remain resolute in our commitment to providing safe and seamless care, regardless of how long the strike may last.”

New York-Presbyterian accused the union of staging a strike to “create disruption,” but said in a statement that it has taken steps to ensure patients receive the care they need.

"We’re ready to keep negotiating a fair and reasonable contract that reflects our respect for our nurses and the critical role they play, and also recognizes the challenging realities of today’s healthcare environment,” the statement said.

The work stoppage is occurring at multiple hospitals simultaneously, but each medical center is negotiating with the union independently. Several other hospitals across the city and in its suburbs reached deals in recent days to avert a possible strike.

The nurses’ demands vary by hospital, but the major issues include staffing levels and workplace safety. The union says hospitals have given nurses unmanageable workloads.

Nurses also want better security measures in the workplace, citing incidents like a an incident last week, when a man with a sharp object barricaded himself in a Brooklyn hospital room and was then killed by police.

The union also wants limitations on hospitals’ use of artificial intelligence.

The nonprofit hospitals involved in the negotiations say they’ve been working to improve staffing levels, but say the union’s demands overall are too costly.

Nurses voted to authorize the strike last month.

Both New York Gov. Kathy Hochul and Mayor Zohran Mamdani had expressed concern about the possibility of the strike. As the strike deadline neared, Mamdani urged both sides to keep negotiating and reach a deal that “both honors our nurses and keeps our hospitals open.”

“Our nurses kept this city alive through its hardest moments. Their value is not negotiable,” Mamdani said.

State Attorney General Letitia James voiced similar support, saying "nurses put their lives on the line every day to keep New Yorkers healthy. They should never be forced to choose between their own safety, their patients’ well-being, and a fair contract.”

The last major nursing strike in the city was only three years ago, in 2023. That work stoppage, at Mount Sinai and Montefiore, was short, lasting three days. It resulted in a deal raising pay 19% over three years at those hospitals.

It also led to promised staffing improvements, though the union and hospitals now disagree about how much progress has been made, or whether the hospitals are retreating from staffing guarantees.