Port of Corpus Christi Has Barges Waiting To Move Eagle Ford Oil

More Than One-Third Of Eagle Ford Oil Production Moving By Ship
Trafigura Terminals Eagle Ford Port in Corpus Christi

Trafigura Terminals’ Eagle Ford Port in Corpus Christi | Click to Enlarge

The Port of Corpus Christi has gone from moving less than 10,000 b/d of crude oil in 2011 to approximately 200,000 b/d in August 2012 to almost 350,000 b/d now.

Ships are now standing in line to move Eagle Ford crude and port expansions simply won’t come fast enough. [Read more…]

Largest Refineries in the U.S. Benefit From Eagle Ford Crude

Local Supply Increases Margins - Margins That Were Missing Much of the Past Few Years

In about a month’s time, Motiva Enterprises’ Port Arthur refinery will become the largest in the U.S., with 600,000 barrels per day of crude refining capacity.  The facility will surpass ExxonMobil’s Baytown refinery that has a capacity of approximately 560,000 barrels per day. Both will benefit from growing U.S. crude supplies. [Read more…]

Magellan Midstream Expands Houston Ship Channel Pipeline – Eagle Ford Crude

Magellan Midstream plans to expand a Houston area pipeline to expand the company’s Eagle Ford crude pipeline capacity. The six mile pipeline will help increase delivery of crude,  being brought into the area from South Texas, into Houston and Texas City refineries.

Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is further expanding its crude oil pipeline distribution capabilities in the Houston area to deliver domestic crude oil and condensate transported via third-party pipeline systems from the Eagle Ford Shale production area directly to local refineries. The project includes the construction of a 6-mile, 24-inch diameter crude oil pipeline between the pipeline interchanges of Genoa Junction and Speed Junction, which will connect to the 24-inch diameter crude oil pipeline along the Houston Ship Channel that was previously announced as part of the partnership’s Houston-to-El Paso pipeline reversal project, allowing Magellan to further distribute product to the Houston-area refineries. [Read more…]

Gulf Coast Refineries Supported by Eagle Ford Crude

Gulf Coast refineries are increasing margins as they absorb more domestic crude from the Eagle Ford Shale. Lighter crudes and condensates produced in the Eagle Ford directly offset imports to the Gulf Coast Region. For those counting, that means more jobs in the U.S.

Light crude can be refined into products more easily than many of the heavy crudes imported from South America. Easier means cheaper, which in turn makes Gulf Coast refineries more competitive on a global basis. If you’ve missed the past few years, owning a refinery hasn’t been the best of the business world. Production expectations from shales and a lighter crude slate look to be shifting the winds for refineries.  [Read more…]