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Texas refiners thirsty for Eagle Ford crude

Reuters -- Two U.S. refiners on Thursday unveiled plans that will allow them to use more of the lower-cost crude oil from the prolific Eagle Ford shale play in South Texas.

Privately-held Flint Hills Resources FHR.UL wants to spend $250 million to increase its supply of Eagle Ford crude to beyond the 150,000 barrels per day (bpd), which is half of all the oil consumed daily by the company's Corpus Christi, Texas, refinery, company officials said on Thursday.

Phillips 66's (PSX.N) 247,000 bpd Sweeny, Texas, refinery will take 30,000 bpd of Eagle Ford oil beginning in 2014 when Kinder Morgan Energy Partners (KMP.N) completes a $90-million extension of a pipeline to the plant, which is 66 miles south of Houston.

The investments are the latest efforts by the U.S. energy to quickly take advantage of...

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Submitted Aug 24, 2012 By: 1studman
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sparky808
Champion Author Honolulu

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Message Posted: Aug 25, 2012 4:19:32 PM
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Thank you for posting.
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prcoqui
Champion Author Maryland

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Message Posted: Aug 25, 2012 3:31:05 PM
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Yesterday news.
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FuelBarge
Champion Author Long Island

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Message Posted: Aug 25, 2012 7:37:08 AM
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I was under the impression from a news story this week that refineries were running at capacity and were not making any money. How is bringing in even more crude oil going to fix that?
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uptherefiners
Champion Author Chicago

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Message Posted: Aug 25, 2012 12:47:30 AM
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might as well go home, sally
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MAC48
Champion Author Dallas

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Message Posted: Aug 25, 2012 12:44:52 AM
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These moves by the refiners mentioned in this article makes sense to me. Why not increase your use of domestic light crude and decrease your use of heavy foreign oil.
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uptherefiners
Champion Author Chicago

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Message Posted: Aug 25, 2012 12:44:51 AM
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conflicted?..not at all. the clown is from Hawaii, right?

and we're not going to sunshine our way into the clueless universe

Again, your hero has done what so far?
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Aviator_Rob
Champion Author New York

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Message Posted: Aug 25, 2012 12:36:51 AM
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I'm guessing that you're not too thrilled that the President comes from your neck of the woods, @uptherefiners? Feeling a bit conflicted?

We're not gonna drill our way out of this problem. I don't care how much money big Oil makes, those dividend checks to the shareholders don't make up for the fact that the American people are being robbed.
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uptherefiners
Champion Author Chicago

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Message Posted: Aug 25, 2012 12:30:49 AM
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@arob

and your hero has done what so far?
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jrsva
Champion Author Virginia

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Message Posted: Aug 25, 2012 12:20:55 AM
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They are having a fracking good time down in Texas. I hope the unintended side effects do not come back to bite us in the a** a few years from now. We are pumping a lot of poison into the ground without knowing what will become of it.
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crreed1
Champion Author West Virginia

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Message Posted: Aug 25, 2012 12:18:19 AM
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they are not passing anything to you but higher prices
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gocatgo
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Message Posted: Aug 25, 2012 12:18:09 AM
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The big question is what percentage of this product will be going overseas?
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N5EXY
Champion Author Austin

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Message Posted: Aug 25, 2012 12:16:44 AM
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Texas refineries are thirsty for any crude.
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FXRider94
Veteran Author New Jersey

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Message Posted: Aug 25, 2012 12:16:00 AM
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"And up from the shale, came some bubbling crude, Oil that is...Texas Gold".
Where's Jed Clampett, when you need him...

[Edited by: FXRider94 at 8/25/2012 12:17:56 AM EST]
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Aviator_Rob
Champion Author New York

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Message Posted: Aug 25, 2012 12:15:01 AM
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Really, DEG? Because all we need to jumpstart this economy is more oil? More oil just means more money for Big Oil. Gas prices won't come down one penny.

This supply-side, trickle down economics is a failed policy, championed by so-called experts that are short on facts and long on wishful thinking.

The only thing that trickles down to the rest of us is the BS.
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wkb03
Champion Author Georgia

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Message Posted: Aug 25, 2012 12:13:45 AM
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Wanting to and doing?
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us4usa
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Message Posted: Aug 25, 2012 12:11:31 AM
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Then they can pass the savings on to us, at the pumps???
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rahcat
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Watch the EPA throw another monkey wrench into this.
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regout
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Ok.
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MikLamb
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Eventually.
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vibdata
Champion Author Massachusetts

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Message Posted: Aug 25, 2012 12:08:34 AM
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These projects are YEARS in the future and cost $100 MILLION or MORE. What's so thrilling about that???
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uptherefiners
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Message Posted: Aug 25, 2012 12:08:13 AM
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sure they are
 

-------------------------------------------------------
Warren Buffet Owns Burlington Northern. Burlington Northern hauls 25% of Bakken oil. Does this(not) clear up any question about why our 'president of change' killed the pipeline?
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Blue_Cruzer
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Good!
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pastorpaulcg
Champion Author Virginia

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Message Posted: Aug 25, 2012 12:07:23 AM
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Cool
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PrinceLH
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Message Posted: Aug 25, 2012 12:04:28 AM
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Again!!
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lindyleigh123
Rookie Author Virginia

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Message Posted: Aug 25, 2012 12:04:25 AM
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ok...
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must87searcher
Champion Author Maryland

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Message Posted: Aug 24, 2012 11:56:52 PM
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Here is another questionable change.
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camel1
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Message Posted: Aug 24, 2012 11:54:51 PM
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why so long for the changes? To milk higher profits longer from us poor consumers???
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GigHarborHound
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YES
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bra0712
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K
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gmcgas
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duh they would make more money
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clermont40miles
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Message Posted: Aug 24, 2012 11:48:39 PM
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Good problem to have. Growing pains.

Get BHO & Co. and other greenies out of the way and things will happen faster and at lower cost.
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farn1958
All-Star Author Twin Cities

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Message Posted: Aug 24, 2012 11:48:09 PM
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Who cares0.
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DEG
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Message Posted: Aug 24, 2012 11:48:01 PM
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If Obama is re-elected; I expect that he'll have the EPA drag its feet or put pressure on the operations to shut down the use of shale oil. Anything to keep the US economy on the ropes while his administration runs up annual deficits greater than $1Trillion per year.
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aggietim
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ok
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bvrbill
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Message Posted: Aug 24, 2012 11:43:33 PM
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I hope the find a way to keep the refined product in America.
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SavALot
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Even the oil rigs are bigger in TX
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nozzle46
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Message Posted: Aug 24, 2012 11:41:58 PM
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Amounts we're talking about a drop in the bucket of what we consume.
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furiousfowl
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Probably end up selling it to China
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g747
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Pump it quickly!!!!!!!!!!.
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bonzoonfmb
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Message Posted: Aug 24, 2012 11:36:27 PM
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What is produced will go to the highest bidder and will not lower the domestic price of U.S. gasoline.
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itsjustme719
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Okay.
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Tekkersmom57
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Great point AKmailman!
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hammer219115
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Great
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Fitwit
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Hmmmmmmmmmmmmmm
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Taurus1
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ok
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DeeLA
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Okay
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wayoung56
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Interesting article...
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dlemma
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drill baby drill
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craigrm
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ok
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serrog
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ok
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