On Berthold-area land, 40,000 barrels per day will be processed. Estimated output is 18,400 barrels per day of gasoline, 13,200 of diesel #2, 5,600 of diesel #1 and 2,800 of AGO/bottoms.
A third crude distillation unit at Exxon’s Beaumont, Texas, refinery could make it the top refinery in the country, sources familiar with the matter said, Reuters reported.
Maverick Terminals LLC acquired majority interest in GT Omniport Terminal from GT Logistics LLC. GT Omniport currently handles crude oil, but will be expanded to handle refined products and NGL.
Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.
Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.
Texas Gathering Co. gathers about 24,000 barrels per day of crude, primarily in Texas. Owner Travis Davis and management team joined First River Energy and will continue managing the business.
EVX develops oil and natural gas, and also develops produced-water gathering, processing, treatment and transportation assets, in the Permian Basin, Eagle Ford Shale and Midcontinent.
The National Energy Board’s secretary signed the safety order indicating Houston-based Spectra had violated regulations for processing plants 27 times since April 2014, Reuters said.
The acquisition of private company RKI Exploration & Production adds 3,600 locations in the Permian Basin and continues WPX’s climb up in the oil producing ranks.
The MLP structure is still viable, Emily Hsieh, director of operations for MLP indexing firm Alerian, told Bloomberg. Recent Williams Cos.-Kinder Morgan Inc. consolidation efforts left investors questioning the model.
Enterprise paid the first installment of $1.15 billion, and the final $1 billion payment is due on the first anniversary of closing date. The transaction’s effective date is July 1.
Kinder Morgan started up the first of two splitters to handle 50,000 barrels per day after manufacturers’ parts were delayed and there were weather issues affecting startup, Reuters said.