ExxonMobil has bought a crude oil storage terminal in Wink, Texas from Genesis Energy.
The Delaware Basin terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport to Gulf Coast refineries and marine export terminals. It is interconnected to the Plains Alpha Crude Connector pipeline system, and is permitted for 100,000 barrels per day of throughput with the ability to expand.
Gerald Frey, president of ExxonMobil Pipeline Company, says: '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.
'It also provides shippers with efficient and cost-effective access to market destinations in the Gulf region.'
Once complete, this terminal will be ExxonMobil's first in the Permian Basin to be anchored by the company's newly acquired Delaware Basin acreage.
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