EMS-WaveLogo

Vinaora Nivo SliderVinaora Nivo SliderVinaora Nivo SliderVinaora Nivo SliderVinaora Nivo Slider

broadcasts/
SEACASTS

Oil Prices Continue Declining - What will the future hold for our region?

Production in the South Texas Eagle Ford Shale ran with a steadily increasing rate since the oil boom began in 2010.  Along with this, the city of Corpus Christi and its surrounding region are experiencing phenomenal growth. 

Crude bearing vessels frequent docks at Port Corpus Christi, loading up sweet Eagle Ford crude for transport to US and Candadian refiners.  Product is offloaded and the vessels promptly sail back to Corpus Christi for more. 

Mid-December prices of US oil are running in the mid $50 mark, down from a peak at $107/barrel in June of 2014.  Oil exploration companies are planning to scale back operations for 2015. 

Despite this shift in the South Texas oil boom, Corpus Christi and the surrounding region stand ready for the future.  Though it will differ from rates at the peak of the oil boom, oil exploration and well production will continue.   

Abundant natural gas production in the Eagle Ford Shale will provide several new industries surrounding Port Corpus Christi with affordable efficient power. 

Diversified, multi-national companies continue to invest billions of dollars in South Texas, and will continue to support prosperity for the region well into the future. 

Port Corpus Christi takes a large role in logistics for the Eagle Ford Shale.  The South Texas port is also well diversified for efficient logistics in dry cargo, project cargo, and more.  The La Quinta Trade Gateway, a new general cargo terminal with deep-water access is in the works, and will ensure efficient logistics while further enhancing world trade for the region and world. 

The City of Corpus Christi is also well diversified with a burgeoing tourism economy with millions of annual visitors, a growing medical center, and important military installations. 

Though the Eagle Ford Shale boom may reach a leveling point, Your Port of the Lone Star State, and our region are poised and ready for a prosperous future.

12-15-14-01

Vessels sail the Corpus Christi Ship Channel.

A Wall Street Journal Article, 'Plunge in Oil Prices Brings Jitters to Texas City', covers this topic in detail.  Click here.

 

Long Term Vitality as Economic Projections from Shale Continue Up

For Texas, long term vitality is well within reach with help from the South Texas Eagle Ford shale formation.  As totals begin to come in for a 2013 University of Texas San Antonio (UTSA) economic impact study, numbers are up a full $5 billion dollars over 2012.  Results from the study show a total of $87 billion in positive economic impact on Texas for 2013. 

The UTSA study includes counties surrounding the Eagle Ford Shale which receive a direct economic impact from all associated activity. 
These include the counties of Nueces and San Patricio; home of Port Corpus Christi.  Port projects and related growth comprise several of those billions. 

Oil and gas production in the Eagle Ford Shale continues to climb.  The abundance of affordable natural gas is helping fuel growth of billions of dollars in multinational investment surrounding Port Corpus Christi.  Corporations including, Tianjin Pipe (TPCO), The voestalpine Group, and M&G are currently in construction phase with state of the art facilities in the works for each. 

Texas oil production is currently at a 30 year high.

Read more from the Oil and Gas Journal:

Eagle Ford economic boost jumps to $87 billion

South Texas Eagle Ford Shale map from UTSA

EPA Awards Greenhouse Gas Permits for M&G Resins Corpus Christi Facility

Ground work is underway in preparation of a US $1 billion PET/PTA plant on the shores of the Corpus Christi Ship Channel.  The M&G Group, based in Tortona, Italy, is planning what will be the world's largest facility of this type to date. 

The US Environmental Protection Agency (EPA) has now granted the necessary greenhouse gas permits that M&G needs to move forward with construction of the facility.  M&G Resins will occupy over 400 acres of land on the Inner Harbor at Port Corpus Christi. 

Construction of the South Texas M&G facility will generate over 3,000 jobs.  Once operational, the plant will create over 250 jobs with some 700 indirect jobs and is slated to open in 2016. 

The facility will generate electricity using natural gas, and run it's own desalination plant.  M&G is building new docks to front the Corpus Christi Ship Channel, and will utilize Port Corpus Christi's Nueces River Rail Yard, currently under construction. 

Click any image to view/download a large version.

M&G Port Corpus Christi construction

M&G Resins Port Corpus Christi Texas construction

M&G Resins Dock Construction Port Corpus Christi Texas

Click Below for More News:

Market Report Company - M&G wins final GHG permit for Texas PET project

Hydrocarbon Processing - M&G wins final GHG permit for Texas PET project

Corpus Christi Caller Times - M&G Resins gets greenhouse gas permit from EPA

 

 

Crude movement continues to surge - as do revenues

Month to month, shipments of Eagle Ford Shale crude oil continue to increase.  Commodities related to the South Texas shale play began making their way through your Port of the Lone Star State within the last couple of years.  The trend for outbound shipments of the light, sweet, Eagle Ford crude continues upward.  Along with this upward trend in shipments, revenue at South Texas' Port Corpus Christi continue on an upward surge.  Port Corpus Christi is one of the top five busiest ports in the United States.  Analysts predict Port Corpus Christi's nationwide rank will continue to improve. 

The South Texas sea port, Port Corpus Christi, lies just miles from one of the worlds most prolific oil producing shale formations.  Wells from the Eagle Ford continue producing at an astonishing rate.  The crude oil flows straight to Port Corpus Christi where US flagged Jones Act tankers are on a constant cycle; filling, transporting, and returning to refill.  A decades old law prohibits foreign flagged vessels from transporting crude oil.  However, this law may be in the process of relaxing to a point where US product will be set for shipments across the world.  Economists say this could expand Port Corpus Christi and the Corpus Christi region's proliferation as a global commodities leader. 

Two Jones Act Tankers at South Texas' Port Corpus Christi

Two Jones Act Tankers at South Texas' Port Corpus Christi

Related news:

Corpus Christi Caller Times: Audit: Crude fueling spike in port revenues

EagleFordTexas.com: Crude fueling spike in port revenues

Newfoundland Refiners Receive Crude Bearing Vessels via Port Corpus Christi

Eagle Ford Shale crude oil is flowing freely towards the deep water port of South Texas, Port Corpus Christi.  Outbound shipments of fully loaded crude oil tankers leave the Port of the Lone Star State on frequent calls to the far northeast corner of North America.  After offload at Come by Chance, the now lighter vessel will sail swiftly back to Port Corpus Christi for a refill.  The Come By Chance refinery on the Canadian island of Newfoundland has shifted from primarily refining Iraqi feedstock to sweet Eagle Ford Shale crude from South Texas.  Thus rendering this cycle of sailings a commonplace necessity. 

North American production increasingly sources Texas and other US feedstocks, replacing a traditionally higher flow from Iraq, Nigeria, and other nations. 

Related news is available in a Reuters Exclusive: Canada's Far East Refinery Swaps Iraqi Crude for U.S. Shale

Tanker vessels outbound from Corpus Christi and full of crude

Image: Tankers ready for outbound shipments of crude from Corpus Christi.

 

No Calendar Events Found or Calendar not set to Public.

pocca's
MOBILE APP

    Scan the QR code with your phone or, click on the link for your device

    poccaapp

     Apple

    portApp qrcodeAndroid

in the
COMMUNITY

picture of kids about to go on tour

The Port of Corpus Christi Speakers Bureau consists of knowledgeable individuals, exciting topics, and personable presenters.
Presentations and Tours are available, and scheduled the 1st and 3rd Tuesday of the month. Security Clearance procedures require scheduling at least 15 days prior to desired date.
We'd love to talk to you about The Port of the Lone Star State! Our speakers are available for presentations at your school, business, or organization.

 

pocca's
KIDS

Pocca13

come
SEA US!

wp15 logo small

Come Sea Us at Breakbulk Americas 2014

port
TARIFF

To All PORT USERS:

Tariff Increases within Port's Tariff 100-A and Bulk Terminal Tariff 1-A

Click here to Continue Reading

port
TARIFF

To All PORT USERS:

Please be advised Port of Corpus Christi is proposing language to Tariff 100-A Item 285 to include a new definition.

Click here to Continue Reading

about
THE PORT

Strategically located on the western Gulf of Mexico, Port Corpus Christi is the sixth largest port in the United States in total tonnage. With a straight, 45' deep channel, the Port provides quick access to the Gulf, the United States inland waterway system and the world beyond.

Find out more...

the Port's
AFFILIATIONS