US energy company Max Midstream has officially commissioned its Port of Calhoun Terminal in Point Comfort, Texas, with the first successful loading of Texas oil.
The Calhoun Port Authority, which announced the news, says that the commissioning marks the official beginning of the partnership between the Port Authority and Max Midstream to ship Texas oil to global markets.
Max Midstream bought the former Seahawk pipeline and terminal from Oaktree Capital in September 2020, with the intention of connecting it directly to the Eagle Ford and Permian basins, to transform Calhoun into an alternative to Houston and Corpus Christi for oil exporters. The Calhoun Port Authority granted exclusive bunkering rights to Max Midstream from March 2011. The connection to Eagle Ford is now complete and the connection to the Permian Basin is expected to be completed shortly. Up to 20 million bbl of oil per month will be transported. Further expansion work at the terminal is planned.
‘Today’s announcement demonstrates that the terminal is officially in business. For the first time, we have moved oil across our docks, and it’s just the beginning. We will offer a comprehensive package of services – from transporting oil across Texas, to getting it to the port, to fuelling the ships that will take the product to the European market. This is a great first step, and we are excited for the future of what’s to come,’ says Todd Edwards, president and CEO of Max Midstream.