Gravity Midstream Corpus Christi has closed on the acquisition of a 44-acre crude oil logistics terminal from Trigeant for USD 100 million. Located on the Corpus Christi Ship Channel on Texas’ southern coastline, the terminal has 800,000 bbl of tank storage, deepwater dock access, a crude processing unit, and rail and truck loading and unloading equipment. It will serve crude oil and condensate producers in the Permian Basin and Eagle Ford Shale in the state.
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