There are a dozen proposals for pipeline projects that would bring production from the Permian Basin to Corpus Christi's Eagle Ford Shale regions.
CORPUS CHRISTI -
Yet another energy company is looking to bring a billion dollar pipeline to the Coastal Bend. Houston-based Permico Energia LLC is the latest company to announce plans for a natural gas liquids pipeline.
It would span from the Permian basin, the nation's largest oil field in West Texas to Corpus Christi's Eagle Ford Shale regions.
The Permico pipeline is just one of a dozen pipeline proposals for the Coastal Bend, all of those have been announced in just the last three months.
"I would say that the Permian is dying to come to the coast, it's looking for that way to the coast," said Port Commissioner Barbara Canales.
Permico Energia's proposed $1.8 million pipeline would spans 510 miles, and when operational it could carry 330,000 barrels of natural gas liquids each day.
"This pipeline is very exciting, but remember it's one of 12!" Canales said.
Port officials say it is explosive growth,
"Never before in our 90-year history have we seen such growth in our region," said Sean Strawbridge, Chief Operating Officer.
That means economic growth for our region, residents, and port, including investments in infrastructure.
"Our top priority here is deepening and widening our channel," Canales said. "Infrastructure also means enhancing our dokcs, enhancing the climate for economic development."
It also means jobs for Coastal bend residents.
"For engineers, and for safety folks, and for people who make their living on all the services," Canales said.
The various companies competing for pipeline projects will need to close deals with oil and natural gas suppliers in west Texas, then build hundreds of miles of pipeline.
"This is an arms race in bringing more production from the Permian to the Corpus Christi region," Strawbridge said.
Operations will start up within the next five years.
"That's great for our economy because it means not only more energy here, but it also means more exports for the state and the nation," Strawbridge said.
Permico will compete with pipeline proposals from Energy Transfer Partners, Enterprise Products Partners, Targa Resources, and other companies.
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