Howard Energy Partners (HEP) has officially announced the completion of its acquisition of EPIC Midstream Holdings’ ethylene pipeline. This strategic move further solidifies HEP’s presence in the Gulf Coast region, adding a critical piece of infrastructure to its portfolio. The 120-mile, 12-inch bidirectional pipeline is a key component for ethylene transportation, connecting Gulf Coast Growth Ventures’ state-of-the-art petrochemical complex in Corpus Christi to storage facilities located in Markham, Texas. This acquisition not only strengthens HEP’s network but also integrates seamlessly with the company’s existing operations, particularly its Javelina Plant. The Javelina Plant specializes in treating and fractionating gas streams from local refineries to extract valuable olefins, hydrogen, and natural gas liquids (NGLs), and the addition of the ethylene pipeline creates significant synergies.

Mike Howard, Chairman and Chief Executive Officer of HEP, highlighted the importance of this acquisition for the company’s long-term vision. “This acquisition aligns with our long-term strategy of building a diversified midstream company through organic growth and acquisitions, anchored by long-term contracts,” he said. “I want to thank our internal team for executing on this opportunity. We look forward to additional growth in 2025.” The ethylene pipeline will play a vital role in supporting HEP’s growth strategy while meeting the increasing demand for reliable ethylene transportation in the Gulf Coast.

The deal represents a major achievement in what has been a record-breaking year for HEP in terms of mergers and acquisitions. Throughout 2024, the company has completed several high-value transactions, amounting to over $1.1 billion. With this latest addition, HEP now owns and operates an impressive portfolio of assets, including more than 1,500 miles of pipeline infrastructure, nearly 1 billion cubic feet per day of cryogenic processing capacity, and approximately 2.5 billion barrels of tank storage capacity across the United States and Mexico.

In addition to expanding its asset base, HEP’s latest acquisition underscores the company’s commitment to operational excellence and long-term growth. By enhancing its ability to provide integrated midstream solutions, HEP is well-positioned to meet the evolving needs of its customers while contributing to the energy sector’s development.

Legal advisors played a pivotal role in facilitating the transaction. Kirkland & Ellis LLP represented EPIC Midstream Holdings, while Bracewell LLP and Sidley Austin LLP served as legal counsel for HEP. With this successful acquisition, HEP continues to build momentum as a leading midstream company, ready to tackle new opportunities in 2025 and beyond.

Based in San Antonio, Texas, Howard Energy Partners ranks among the largest private energy infrastructure companies in the United States, managing a distinctive portfolio of assets across Texas, New Mexico, Pennsylvania, Oklahoma, and Mexico.