Eagle Ford, La Quinta Terminal fill Port of CC agenda
CORPUS CHRISTI – Port of Corpus Christi commissioners approved several developments tied to its role in area energy projects. The port has become a transfer point for Eagle Ford Shale crude oil.
Commissioners reassigned a lease to Nabors Completion and Productions Services Co. The lease — which ends in 2014 — is for three acres, two cargo sheds and railroad tracks.
Commissioners also approved two pipeline easement deals.
Valero Refining-Texas will pay $19,802 per year for the first ten years of a 30-year agreement with the port to run a 12-inch pipeline through about 5,200 feet of port property. The pipeline will carry crude oil and condensates from the Plains Pipeline terminal being built at I-37 and Suntide Rd to the Valero Bill Greehey Refinery West Plant.
Trafigura Terminals will run a six-inch pipeline to connect its new terminal at the former site of the Texas Docks and Rail steel plant with a pipeline delivery station on Suntide Rd. The pipeline only will cross about 39 feet of port property. Trafigura will pay the port $1,500 per year for the first ten years of its 30-year lease.
Fee adjustments are possible every ten years on the Trafigura and Valero easement agreements.
In This Article
You might also like
Publications
Receive our economic and housing reports and newsletters for free.