Easton Energy Gains New Storage at Markham Salt Caverns
06.29.2020 - NEWS

June 29, 2020 [Tank Storage Mag] – Houston-based midstream company Easton Energy has signed a deal with the Texas Brine Company for expanded storage rights for natural gas liquids and olefins at the latter company’s salt caverns in Markham, Texas, US.

Easton Energy, which already had exclusive storage rights for natural gas liquids and olefins at the site, will also now have the rights for crude oil storage. Reuters reports that the company now has the storage rights to 13 caverns with a capacity of 50 million bbl.

The Markham site, created as a result of brine production by Texas Brine from natural salt deposits, has been in use for more than 40 years by various companies for storing natural gas liquids and olefins, and has all the necessary associated and supporting pipelines. It is located at a strategic point between the petrochemical markets in Houston and Corpus Christi, as well as being near enough to Freeport for crude oil. Texas Brine CEO Ted Grabowski said that the company was pleased to support Easton in the development of the Markham salt dome as a storage hub connecting several key markets.

‘The combination of expanding our NGL and olefin storage rights with the addition of crude oil storage, we believe, continues to make Markham a premium location for our customers to optimise their respective businesses. Further, as a function of our great working relationship with our sister company, Sentinel Midstream, we’ve been fortunate to develop a series of supporting pipeline and storage opportunities in the Gulf Coast crude oil markets around Markham, Texas, largely driven by our brine pond development and the remaining 40 million bbl of storage capacity,’ said Easton President and CEO, Joel McComas


Click Here to Access Today a 5,100 Tank Terminal Database With a Pro Trial
5,100 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

China’s Refineries in Dalian Seen as Strongest Bidders for First State Crude Reserve Release
09.20.2021 - NEWS
September 20, 2021 [hellenicshippingnews] – PetroChina refineries and private Hengli Petroc... Read More
Shell to Build Dutch Biofuels Plant in Net-Zero Push
09.20.2021 - NEWS
September 20, 2021 [Reuters] – Royal Dutch Shell (RDSa.L) plans to build a biofuels facilit... Read More
Saudi Arabia's SABIC Says ExxonMobil Petrochemical JV Under Commissioning
09.20.2021 - NEWS
September 20, 2021 [spglobal] -Saudi Basic Industries Corp., majority owned by Saudi Aramco, said... Read More
4 European Refiners Get Full Saudi Crude Allocations
09.20.2021 - NEWS
September 17, 2021 [Argus] – Saudi Arabia will supply at least four of its term customers i... Read More