Pin Oak Corpus Christi recently revealed updates to its growing terminals business in the Corpus Christi market, including new interconnection agreements with EPIC Pipeline and Red Oak Pipeline, and commencement of construction on a new crude oil trading hub at Taft.
The company said the Taft terminal will complement its Corpus Christi terminal, an approximately 4-million-barrel storage facility with export-capable Suezmax and MR docks set to commence operations later this year.
“The execution of these new pipeline interconnections and commercial commitments supports the build-out of our Taft terminal and creates a unique service offering,” said Corey Leonard, chief executive officer of Pin Oak. “Pin Oak’s ability to receive product volumes from the most prolific basins in the United States will deliver to our customer’s unparalleled optionality and access to both domestic and international markets alike, further facilitating essential diversification for US producers.
“Our activities at Pin Oak’s Taft Terminal only add to the economic growth for the local economy in and around Corpus Christi.”
Highlights include:
- EPIC Pipeline interconnection capable of receiving crude oil from the Permian Basin and Eagle Ford Shale
- Red Oak Pipeline interconnection capable of receiving crude oil from the Permian Basin, Bakken Shale, DJ Basin and Niobrara Basin
- Commencing construction on 1.7 million barrels of crude oil tankage at Taft terminal, with ability to construct an additional 2.8 million barrels of crude oil tankage
- Taft terminal will have connectivity to Corpus Christi and Ingleside markets, Pin Oak Corpus Christi, including its key infrastructure, and long-haul pipelines
