EPIC Announces Option Exercise by Affiliates of Noble, Apache, Diamondback

摘要

SAN ANTONIO-EPIC Midstream Holdings LP Feb. 4 announced that Noble Midstream Partners LP (NYSE: NBLX) exercised its option for a 30% equity stake in the EPIC Crude Pipeline Project and a 15% equity stake in the EPIC NGL Pipeline while Altus Midstream Co. (Nasdaq: ALTM), through one of its subsidiaries; and Rattler Midstream LP, a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG), exercised options for 15% and 10%, respectively, in the EPIC Crude Pipeline Project. Closing of the equity interest in each project is anticipated in February 2019 and subject to certain conditions precedent. The pro forma ownership for both projects is listed in the tables below.