Sept 2 (Reuters) - Plains All American Pipeline (PAA.O) , opens new tab and Plains GP Holdings (PAGP.O) , opens new tab on Tuesday said it has agreed to buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy (FANG.O) , opens new tab and Kinetik Holdings for $1.57 billion, including debt.

Reuters in August reported the owners of the pipeline were looking for a sale, according to sources familiar with the matter.

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EPIC Crude is one of the major pipelines that brings oil from the Permian and Eagle Ford shale basins of Texas to export facilities on the U.S. Gulf Coast.

It has a capacity of 600,000 barrels per day (bpd), which is expandable up to 1 million bpd, and has around 7 million barrels of operational storage.

The transaction is expected to be completed by early 2026.

https://www.reuters.com/business/energy/plains-buy-stake-epic-crude-16-billion-oil-pipeline-deal-2025-09-02/