Plains All American Fortifies Dominance with Strategic Acquisition of Controlling Stake in EPIC Crude Holdings

In a move set to reshape the crude oil transportation landscape, Plains All American Pipeline, L.P. (NYSE: PAA) has announced its definitive agreement to acquire a significant 55% controlling interest in EPIC Crude Holdings, LP. This landmark transaction solidifies Plains' strategic position, dramatically enhancing its footprint and capabilities in connecting the prolific Permian and Eagle Ford basins to the critical refining and export hubs along the Texas Gulf Coast.

EPIC Crude Holdings, LP, renowned for its state-of-the-art crude oil pipeline system, offers direct access to key production areas and delivers directly into the Corpus Christi and Houston markets.

By integrating this robust infrastructure, Plains All American is poised to create a more expansive, efficient, and reliable midstream network, benefiting producers and refiners alike with enhanced market access and operational synergies.

This strategic acquisition is a testament to Plains' long-term vision for sustainable growth and its commitment to optimizing its asset portfolio.

The EPIC Crude system perfectly complements Plains' existing extensive pipeline infrastructure, creating a powerful conduit that will facilitate the seamless movement of crude oil from supply to demand centers. This not only strengthens Plains' market leadership but also underscores its adaptive approach to evolving energy demands.

Industry analysts anticipate that this integration will unlock considerable value, driven by increased throughput volumes, operational efficiencies, and a diversified revenue stream for Plains.

The enhanced connectivity provided by the combined assets will offer unparalleled flexibility and reliability for customers operating in some of the most dynamic oil-producing regions in the United States.

Upon completion of the transaction, Plains All American will assume operational control of EPIC Crude Holdings, leveraging its deep industry expertise and proven track record in pipeline management to ensure the continued safe and efficient operation of the system.

This move is expected to position Plains as an even more integral partner in the nation's energy supply chain, driving economic growth and energy security.

This acquisition marks a pivotal moment for both companies, promising a future of expanded capacity, improved logistics, and sustained value creation.

Plains All American is clearly setting a course for continued leadership in the energy midstream sector, demonstrating its unwavering commitment to strategic growth and operational excellence.