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Stock impact report

EPIC Successfully Completes Sale of EPIC Crude to Plains All American

Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests (PAA) 
Last plains all american pipeline, l.p. - common units representing limited partner interests earnings: 2/4 04:16 pm Check Earnings Report
US:NYSE Investor Relations: plainsallamerican.com/investor-relations
Company Research Source: Business Wire
With Sale of EPIC Crude, Y-Grade and Olefins Businesses in Last 10 Months, EPIC Has Now Driven Gross Transaction Value of Approximately $5.25 Billion HOUSTON--(BUSINESS WIRE)--EPIC Midstream Holdings (“EPIC”) announced that it has completed the sale of its 45% operated interest in EPIC Crude Holdings, LP (“EPIC Crude”) to Plains All American Pipeline (NASDAQ: PAA)(“Plains”). Plains had already completed the purchase of 55% of EPIC Crude’s non-operated interest from Diamondback Energy (NASDAQ: FANG) and Kinetik Holdings, Inc (NYSE: KNTK). EPIC Crude owns long haul crude oil pipelines and associated oil terminal/logistics facilities that serve both the Permian and Eagle Ford basins.The completion of the sale of EPIC Crude marks the third divestiture by EPIC in the last 10 months. The three transactions have collectively driven gross transaction value of approximately $5.25 billion.“Over the last several years, EPIC has transformed its Crude business, and this transaction underscores Show less Read more
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