Pin Oak Corpus Christi, LLC (“Pin Oak” or the “Company”) announced material updates to its growing terminals business in the Corpus Christi market, including new interconnection agreements with EPIC Pipeline and Red Oak Pipeline and commencement of construction on its new crude oil trading hub at Taft (“Taft Terminal”). The Taft Terminal will complement Pin Oak’s Corpus Christi Terminal, an approximately 4 million barrel storage facility with export-capable Suezmax and MR docks set to commence operations in Q4 2019.
About Pin Oak Corpus Christi, LLC
Pin Oak Corpus Christi, LLC owns and manages the Pin Oak Corpus Christi and Pin Oak Taft Terminals. Pin Oak Corpus Christi Terminal has 800,000 barrels of existing heated and unheated storage capacity, Suezmax and barge docks, and is constructing an additional 3,000,000 barrels of crude storage capacity with anticipated commencement of operations in Q4 2019. Pin Oak Corpus Christi is also constructing a connection to the Gray Oak Pipeline; it has multiple existing pipeline connections into both the Valero and Citgo refineries in Corpus Christi, and can also provide customers with rail and truck loading / unloading solutions. Pin Oak Taft Terminal commenced construction on 1.7 million barrels of crude oil tankage, along with pipeline interconnections to EPIC, Red Oak, and Gray Oak Pipelines. Pin Oak Corpus Christi, LLC is part of the Pin Oak group of companies, a portfolio of greenfield and brownfield midstream assets in the U.S. Gulf Coast. The group sold its first terminal, Pin Oak Mt. Airy, to MPLX LP in September 2018.