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Noble Inks 5-Year Shipping Deal for EPIC Midstream's Permian Crude Pipeline
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Noble Energy has supplemented its Delaware Basin takeaway position by striking a five-year agreement with EPIC Midstream for their upcoming Permian crude pipeline.
The five-year agreement provides for firm gross sales of at least 10 MBbl/d beginning in July 2018, increasing to 20 MBbl/d beginning in October 2018 and for the remainder of the agreement.
Noble Energy has secured 100 MBbl/d of firm transportation capacity on the EPIC Crude Pipeline for a 10-year period following project startup, which is expected to be in the second half of 2019.
Prior to the transaction announced today, the Company previously had executed firm sales agreements to the Gulf Coast or Cushing markets for its Delaware crude oil covering gross oil volumes of 10 MBbl/d for the second half of 2018 and 5 MBbl/d for 2019.
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