Week by week, more than 20 terminals along the U.S. Gulf Coast export crude oil, but nearly half of the total export volumes are being loaded at just three facilities: the Moda Midstream terminal near Corpus Christi, the Enterprise Hydrocarbon Terminal in Houston, and the Louisiana Offshore Oil Port (LOOP) off the Louisiana coast. What gives these “Big 3” their edge? Location? Pipeline connectivity? Storage capacity? Loading rate? The answer, of course, is “all of the above.” There is more to the story, though, and other terminals are angling to become bigger players, presumably at the expense of the Big 3 themselves. Today, we begin a series on Texas and Louisiana’s largest oil export facilities, what they offer, how they’ve fared, and what they’re planning next.
Leaders of the Pack – Three Gulf Coast Crude Oil Export Terminals Winning Battle for Barrels
