Apache Joins Strategic Alliance with EPIC & Noble Energy

Apache Corporation APArecently agreed to participate in the EPIC Crude Oil Pipeline, run by EPIC Midstream Holdings, LP. The strategic alliance also includes Noble Energy, Inc. NBL. The pipeline will connect southeastern New Mexico to Corpus Christi, TX and transport crude from the Permian Basin and Eagle Ford Shale.

The under-construction pipeline will help to clear the infrastructure bottleneck caused by excessive production in the Permian, resulting in lower prices.