Plains All American to Acquire 55% of EPIC Pipeline for $1.57B

The strategic shuffling in energy infrastructure continued apace Tuesday (Sept. 2) with the $1.57 billion acquisition by Plains All American Pipeline of a 55 percent non-operating interest in EPIC Crude Holdings, the entity that owns and controls the EPIC Crude Oil Pipeline.

Plains is acquiring the majority interest held jointly by Diamondback Energy and Kinetik Holdings Inc. The remaining 45 percent is owned by Ares Management, which operates the pipeline and will continue to do so after the expected Q1 2026 closing.