Plains to buy stake in EPIC Crude in $1.6 billion oil pipeline deal
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Plains All American Pipeline and Plains GP Holdings have agreed to acquire a 55% stake in EPIC Crude Holdings for $1.57 billion, including debt. The deal involves purchasing from Diamondback Energy and Kinetik Holdings. EPIC Crude operates a major pipeline transporting oil from Texas' Permian and Eagle Ford basins to Gulf Coast export facilities, with a current capacity of 600,000 barrels per day, expandable to 1 million. The transaction is expected to close by early 2026.
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