Eagle Ford Terminals Joint Venture Receives First Vessel at New Dock

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Posted September 16, 2019

Corpus Christi, TX, USA – Eagle Ford Terminals Corpus Christi LLC, a joint venture between Plains All American Pipeline and Enterprise Products Partners L.P., received its first vessel at its new dock on the Corpus Christi Ship Channel yesterday.

“The commissioning of our terminal in Corpus Christi is an important milestone for the Eagle Ford Terminals Corpus Christi joint venture that gives producers another option to move growing crude oil production from the Permian Basin and South Texas to markets where it can help to power progress, spark innovation and advance quality of life,” said John Keffer, Senior Vice President – Terminals, at Plains All American, the operator of the joint venture.

“The Plains All American / Enterprise Eagle Ford EF1 Terminal is now in operation, adding incremental export capacity to the region. The Port of Corpus Christi applauds this addition to our gateway’s Permian Basin export pipelines,” said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi. “This is yet another recognizable development for the State of Texas and the United States as we continue to be the Energy Port of the Americas.”

The Port of Corpus Christi currently is the third largest U.S. port in total revenue tonnage and is forecasting exports of nearly $15 billion of crude oil in 2019.

“It is imperative that we continue to develop the infrastructure needed to accommodate the growth from our rich production fields in Texas,” said Charles W. Zahn, Jr., Port of Corpus Christi Authority Commission Chairman. “Industry outlooks show no signs of slow-down.”

About Port Corpus Christi

As a leader in U.S. Crude Oil export ports and a major economic engine of Texas and the nation, Port Corpus Christi is the 3rd largest port in the United States in total revenue tonnage. Strategically located on the western Gulf of Mexico with a 36-mile, soon to be 54 foot (MLLW) deep channel, Port Corpus Christi is a major gateway to international and domestic maritime commerce. The Port has excellent railroad and highway network connectivity via three North American Class-1 railroads and two major interstate highways. With an outstanding staff overseen by its seven-member commission, Port Corpus Christi is “Moving America’s Energy.” https://www.portofcc.com/

About Eagle Ford Terminals Corpus Christi LLC

Eagle Ford Terminals Corpus Christi LLC is a joint venture owned by affiliates of Plains All American Pipeline, L.P. and Enterprise Products Partners L.P., each with a 50 percent ownership interest. The terminal consists of a vessel berth with a total depth of 47 feet and loading capacity of 50,000 barrels of crude oil per hour, four crude oil storage tanks with an aggregate capacity of approximately 1.4 million barrels and the capability to expand.

About Plains All American Pipeline

Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, NGLs and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas.

About Enterprise Products Partners

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

Source: portofcc.com