SUNYA Energy

Howard Energy Partners Acquires Ethylene Pipeline From EPIC Midstream Holdings

January 9, 2025
SUNYA Summary
- Howard Energy Partners has announced the successful acquisition of EPIC Midstream Holdings' ethylene pipeline. - The pipeline is 120 miles long and 12 inches wide, offering bidirectional ethylene transportation. - It connects Gulf Coast Growth Venture's petrochemical complex in Corpus Christi to storage facilities in Markham, Texas. - The acquisition enhances HEP's presence in the Gulf Coast region and creates synergies with its Javelina Plant. - Mike Howard, Chairman and CEO of HEP, stated that this acquisition aligns with their strategic goal of diversifying through growth and acquisitions. - HEP experienced record M&A activity in 2025, totaling over $1.1 billion in transactions. - The company now owns more than 1,500 miles of pipeline and has substantial processing and storage capabilities. - Legal advisors for EPIC Midstream Holdings included Kirkland & Ellis LLP. - Legal advisors for HEP were Bracewell LLP and Sidley Austin LLP. - Howard Energy Partners operates a significant energy infrastructure portfolio across the United States and Mexico.
PRESS RELEASE
Howard Energy Partners Acquires Ethylene Pipeline From EPIC Midstream Holdings:


120-mile, Bidirectional Pipeline Provides Critical Ethylene Transportation and Further Integrates HEP’s Gulf Coast Assets

January 08, 2025 06:28 PM Eastern Standard Time

SAN ANTONIO--(BUSINESS WIRE)--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. Our diversified midstream platform spans the natural gas and liquids value chain and is strategically positioned to meet the world’s increasing demand for energy. For more information on Howard Energy Partners, our purpose-driven mission, and our focus on long-term value creation, please visit our website at howardenergypartners.com.

Contacts

Meggan Morrison
Redbird Communications Group
pr@redbirdpr.com