Marathon Petroleum and Valero Refineries are Adding Eagle Ford Oil

Marathon Petroleum and Valero Energy refineries are expanding to accept more Eagle Ford Shale crude oil. Both companies have expansion plans that will allow greater volumes of oil to flow through the refineries and the companies want Eagle Ford crude because it is easier to refine than the heavy crudes that are imported from South America.

On the back of Marathon Oil’s Eagle Ford Shale acreage acquisition, Marathon Petroleum might stand to benefit the most if refining margins hold.  [Read more…]