trending Market Intelligence /marketintelligence/en/news-insights/trending/0_8p0Sk6Y9YtpgcGe7QzpA2 content esgSubNav
In This List

NGL Energy Partners boosts Gulf of Mexico services with Texas terminaling assets buy

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Infographic: Q1’22 U.S. Wind Power by the Numbers

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


NGL Energy Partners boosts Gulf of Mexico services with Texas terminaling assets buy

acquireda crude oil and condensate marine terminal project and associated assets inTexas to augment its Gulf of Mexico export services.

The assets,acquired from Pelorus Terminal:Point Comfort LLC, are composed of 350,000 shell barrels of storagecapacity, truck unloading bays and loading capacity for both inland and oceanvessels from three docks, according to an Oct. 3 news release.

The PointComfort terminal is designed to have an initial truck receipt capacity of atleast 30,000 bbl/d and a marine loading capacity of up to 20,000 bbl per hour,but is expandable depending on market demand. It is also supported by long-term,fee-based contracts.

Theterminal is expected to be ready for commercial service in April 2017.