Inspectioneering
News

Oxy Selling Texas Oil Terminal and Pipeline System for $2.6 Billion

Houston Chronicle, August 9, 2018

Occidental Petroleum will sell its oil export terminal near Corpus Christi and a West Texas pipeline network for a combined $2.6 billion as the Houston oil company opts to focus on its growing production in the Permian Basin in West Texas. The Ingleside terminal can currently export about 300,000 barrels of oil a day, but ongoing expansion plans are to take it up to 750,000 bpd. The Centurion pipeline system is a large network of almost 3,000 miles of crude oil gathering and transportation pipelines extending from southeast New Mexico and across West Texas to Oklahoma. The system includes storage terminals in Midland and Cushing. 

Click here to read the full article from Houston Chronicle.


Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.