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Eagle Ford, La Quinta Terminal fill Port of CC agendaEagle Ford, La Quinta Terminal fill Port of CC agendahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=93442012-10-11T07:19:00Z2012-10-11T00:00:00Z

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.

Corpus Christi Caller-Times
Corpus Christi
Industrial
http://www.caller.com/news/2012/oct/09/eagle-ford-shale-la-quinta-terminal-fill-port-of/Read more at {Source}

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