Valero Three Rivers Refinery gets Eagle Ford Shale Oil

The Valero Refinery is already getting 35,000 barrels a day and expects that number to grow to 50,000 barrels a day by year end.  My expectation is that you’ll begin to see these refineries expanding or changing the crude slate they accept to allow for the refining of more Eagle Ford Shale crude oil.

“The Valero refinery began taking in Eagle Ford crude only late last year. Now the 100,000-barrel-a-day plant is processing about 35,000 barrels of Eagle Ford crude oil daily, a total that’s expected to rise to about 50,000 barrels a day by year’s end.””The boost in Eagle Ford drilling and changes at the Valero plant have prompted local officials to adopt and copyright a new slogan for the city: ‘Three Rivers — Heart of the Eagle Ford Shale.’ ”

“ ‘We have a location advantage,’ said Harry Wright Jr., vice president and general manager of Valero Three Rivers Refinery.”

“Using more locally produced crude oil will enable the Valero refinery to reduce costs and boost profit margins. The less expensive Eagle Ford crude will, as its use increases, replace more expensive foreign oil that arrives at Gulf Coast ports such as Corpus Christi and then is sent by pipeline to the refinery.”

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.