Global energy research firm Wood Mackenzie said the Port of Corpus Christi will surpass the Port of Houston as the nation’s top crude oil exporter within 10 years. Wood Mckenzie said major investments in shipping facilities and pipeline projects will route more than two million barrels of crude oil per day from Permian Basin to […]
Gulf Coast becomes net exporter of crude oil as imports decline
The U.S. Energy Information Administration said oil imports for the Gulf Coast reached their lowest level in more than 30 years in March as production from Permian Basin and other shale fields continues to rise. Imports averaged 1.8 million barrels a day in March – a decline of more than 70 percent since 2007. The […]
Phillips 66, Plains joint venture will construct Red Oak pipeline for crude
Phillips 66 and Plains All American Pipeline said June 10 their joint venture will proceed with construction of $2.5 billion Red Oak pipeline to transport crude oil from storage terminals in Permian Basin and Cushing, Okla., to Beaumont, Corpus Christi, Houston and Ingleside. Initial service is expected to begin in 2021Q1. Red Oak will lease […]
Marathon joint venture to proceed with Whistler pipeline for gas
A joint venture of Marathon Petroleum subsidiary MPLX and three other companies said June 5 it will proceed with design and construction of Whistler pipeline to transport natural gas from Permian Basin to Texas Gulf Coast. Other partners are WhiteWater Midstream of Austin, Stonepeak Infrastructure Partners and West Texas Gas of Midland. Whistler will transport […]
Plains, Delek joint venture to expand capacity of Red River pipeline
Houston-based Plains All American Pipeline said May 28 it launched a new joint venture with Tennessee refining company Delek US to boost capacity of its 350-mile Red River pipeline in northeast Texas and Oklahoma. Delek purchased a 33 percent interest in Red River for $128 million; Plains will continue to operate the Red River system. […]
Permian Basin, U.S. each add rig to reverse weeks of declines
Permian Basin and U.S. each reversed weeks of declining oil and gas rig counts by adding a rig for the week ending May 31, according to Baker Hughes. Permian Basin has 452 rigs (451 the previous week, 477 a year ago), and U.S. has 984 rigs (983 previous week, 1,060 year ago). The counts had […]
Mexico begins construction of oil refinery in Paraiso
Mexico is beginning construction of an $8 billion oil refinery as President Andres Manuel Lopez Obrador calls for the nation to become self-sufficient in energy production. Sunday in Paraiso, Tabasco, where the refinery will be built, he said Mexico “depends too much on buying foreign gasoline.” According to Bloomberg, the president said the refinery will […]
Enterprise to extend Baymark ethylene pipeline system in south Texas
Houston-based Enterprise Products Partners said May 28 it is extending its ethylene pipeline and logistics system further into south Texas. The Baymark ethylene pipeline will originate in Bayport in southeast Harris County and extend about 90 miles to Markham in Matagorda County. The pipeline is supported by longterm commitments and is scheduled to begin service […]
Discovery to drill 10 horizontal wells in Reagan County targeting Spraberry
Denver-based Discovery Natural Resources applied to Railroad Commission of Texas to drill 10 horizontal wells in Reagan County targeting Spraberry field to a total depth of 8,500 feet. Houston Chronicle said the drilling project is in the company’s Bullhead lease about 10 miles northeast of Big Lake. Discovery produced 3.8 million barrels of oil and […]
Sentinel Midstream files application for export facility for VLCCs
Dallas-based Sentinel Midstream said Monday it submitted a deepwater port license application with the U.S. Maritime Administration to construct and operate a crude oil export facility about 30 miles south of Freeport. Texas Gulflink will be capable of fully loading supertankers or VLCCs (very large crude carriers). Jeff Ballard of Sentinel said, “Texas Gulflink will […]
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