Moda midstream terminals

Moda Midstream adds storage

May 4, 2020
Liquid terminal provider completes 10 million-barrel crude oil expansion with additional 495,000-barrel tank at MEIC in Texas

Liquids terminaling and logistics provider Moda Midstream recently placed into service the final 495,000-barrel tank from its 10 million-barrel crude oil expansions at the Moda Ingleside Energy Center (MIEC) in Ingleside TX and Moda Taft Terminal in Taft TX.

The completion of this storage expansion brings total storage capacity at MIEC and the Moda Taft Terminal to approximately 12 million barrels, the company said.

“At a time when there is a pressing need for additional crude oil storage, the early delivery of the tanks is another example of Moda’s ability to consistently provide solutions to our customers,” said Bo McCall, Moda president and CEO. “Bringing 10 million barrels of storage online in just over a year and a half is a major accomplishment.”

Moda said construction is underway on a new expansion phase at MIEC that will add another 3.5 million barrels of crude oil storage. The company expects to begin placing storage tanks from this expansion into service later this year. MIEC will have total storage capacity in excess of 15.5 million barrels upon completion.

Moda also obtained permits to construct additional crude oil storage capacity at both MIEC and the Moda Taft Terminal, and is discussing further expansions with customers.

As the leading crude export facility in the United States, MIEC has direct connectivity to approximately 2.5 million barrels per day of Permian and Eagle Ford crude supply from four long-haul pipelines. Two of these pipelines, the Gray Oak Pipeline and the EPIC Crude Oil Pipeline, recently commenced full service. In addition, MIEC will be able to receive deliveries from Harvest Midstream’s Ingleside Pipeline, which is currently under construction and is expected to be placed into service later this year, Moda said.

“I want to thank each and every member of the Moda team for their hard work and dedication in completing this expansion during the novel coronavirus pandemic as their efforts are critically important to our industry, our region and our country,” McCall said. “A special thanks also goes to our construction partners for the impressive job they did in completing the expansion safely and in accordance with our high standards.”