ExxonMobil buys Delaware basin crude terminal

ExxonMobil Corp. has acquired a crude oil terminal in Wink, Tex., part of the Delaware basin, from Genesis Energy LP. It will be ExxonMobil’s first Permian terminal to be anchored by its recently acquired Delaware basin acreage (OGJ Online, Jan. 17, 2017).

The terminal handles Permian crude and condensate for transport to Gulf Coast refineries and marine export terminals. The facility is interconnected to Plains All American Pipeline LP’s Alpha Crude Connector pipeline system and is permitted for 100,000 b/d of throughput with the ability to expand (OGJ Online, Jan. 26, 2017).

“The terminal provides crude producers with a full range of logistical options including truck, rail, and inbound and outbound pipeline access not only for ExxonMobil’s production but for all Permian basin producers,” commented Gerald Frey, president of ExxonMobil Pipeline Co. “It also provides shippers with efficient and cost-effective access to market destinations in the Gulf region.”