Pin Oak building rail, liquid storage at US shale export site

By Luke Geiver | January 21, 2019

Pin Oak will connect shale oil export infrastructure at Corpus Christi, Texas, to rail lines that will give producers in the Permian and Eagle Ford more flexibility to move product to export tankers. A company formed through the partnership of Dauphine Midstream and Mercuria Energy Group Ltd., Pin Oak will use its recently acquired 236 acres to build up to 10 million barrels of bulk storage in addition to a full unit train set-up.

“Pin Oak is in a unique position to offer its customers a full logistics solution through its direct refinery connections, Suezmax vessel and barge dock capabilities, truck loading and unloading bays, and direct access to two Class 1 railroads,” said Mike Reed, chief executive officer at Pin Oak.

According to Pin Oak, the main terminal is currently under construction, with brownfield expansion of more than two million barrels of crude storage, all supported by long-term third-party customer contracts. The connection into the Gray Oak Pipeline is currently under construction and the terminal will be a necessary outlay for Permian and Eagle Ford crude. In addition to the crude oil storage and export capabilities, Pin Oak currently operates multiple pipeline connections to nearby refineries, nearly one million barrels of existing storage capacity, a polymer modified asphalt plant, rail loading and unloading facilities, and a truck rack. 

Prior to its work in Corpus Christi, Pin Oak sold a terminal asset in Mt. Airy, Louisiana, that included a marine bulk liquid terminal with four million barrels of contracted storage.