Pin Oak Corpus Christi Monday announced new interconnection agreements with Epic Pipeline and Red Oak Pipeline and commencement of construction on its new crude oil trading hub at Taft, Texas, north of Corpus Christi, Kallanish Energy reports.
Taft will be a 1.7-million-barrel crude oil storage facility, with the ability to construct an additional 2.8 million barrels of crude oil tankage.
The Taft terminal will complement Pin Oak’s Corpus Christi terminal, a roughly 4-million-barrel storage facility with export-capable docks set to begin operations in Q4 2019.
The Epic Pipeline Interconnection capable of receiving crude oil from the Permian Basin and Eagle Ford Shale play, while the Red Oak Pipeline Interconnection will allow the flow of crude from the Permian, Bakken Shale, and DJ and Niobrara basins.
Taft Terminal will have connectivity to the Corpus Christi and Ingleside, Texas, markets, along with Pin Oak Corpus Christi (including its infrastructure), and long haul pipelines.
“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, CEO of Pin Oak.
This post appeared first on Kallanish Energy News.