MOSCOW (MRC) -- ExxonMobil Corporation has announced that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP, as per Hydrocarbonprocessing.
The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin - one of the most prolific plays in the United States.
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 bpd of throughput with the ability to expand.
This acquisition marks ExxonMobil’s first terminal in the Permian Basin to be anchored by the corporation’s newly acquired Delaware Basin acreage, previously announced in January.
As MRC informed earlier, in November 2016, Jacobs Engineering Group Inc. announced it received a contract from ExxonMobil Chemical Company to provide engineering, design and construction management services as part of a new 650 kTa polyethylene facility to be located at ExxonMobil’s Beaumont polyethylene plant.
ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
MRC