Wednesday, October 18, 2017

ExxonMobil Acquires Crude Terminal In Permian Basin

Exxon Mobil Corp. announced Oct. 18 that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is in the rapidly growing Delaware Basin, part of Permian Basin—one of the most prolific plays in the U.S. The terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport to Gulf Coast refineries and marine export terminals. The facility is interconnected to the Plains Alpha Crude Connector pipeline system and is permitted for 100,000 barrels per day of throughput with the ability to expand.
Source: Daily Dose of News

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