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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 Posts:2,986 Points:595,785 Joined:Sep 2011	Message Posted: Aug 25, 2012 1:19:32 PM Ignore sparky808 Report Abuse Thank you for posting.
prcoqui Champion Author Maryland Posts:3,945 Points:1,672,225 Joined:Dec 2006	Message Posted: Aug 25, 2012 12:31:05 PM Ignore prcoqui Report Abuse Yesterday news.
FuelBarge Champion Author Long Island Posts:9,190 Points:2,074,340 Joined:Aug 2005	Message Posted: Aug 25, 2012 4:37:08 AM Ignore FuelBarge Report Abuse 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?
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Aug 24, 2012 9:47:30 PM Ignore uptherefiners Report Abuse might as well go home, sally
MAC48 Champion Author Dallas Posts:1,546 Points:764,095 Joined:Dec 2006	Message Posted: Aug 24, 2012 9:44:52 PM Ignore MAC48 Report Abuse 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.
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Aug 24, 2012 9:44:51 PM Ignore uptherefiners Report Abuse 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?
Aviator_Rob Champion Author New York Posts:3,795 Points:411,815 Joined:Mar 2012	Message Posted: Aug 24, 2012 9:36:51 PM Ignore Aviator_Rob Report Abuse 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.
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Aug 24, 2012 9:30:49 PM Ignore uptherefiners Report Abuse @arob and your hero has done what so far?
jrsva Champion Author Virginia Posts:9,841 Points:1,610,300 Joined:Jan 2006	Message Posted: Aug 24, 2012 9:20:55 PM Ignore jrsva Report Abuse 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.
crreed1 Champion Author West Virginia Posts:1,975 Points:2,524,385 Joined:May 2005	Message Posted: Aug 24, 2012 9:18:19 PM Ignore crreed1 Report Abuse they are not passing anything to you but higher prices
gocatgo Champion Author South Carolina Posts:15,636 Points:2,526,880 Joined:Apr 2006	Message Posted: Aug 24, 2012 9:18:09 PM Ignore gocatgo Report Abuse The big question is what percentage of this product will be going overseas?
N5EXY Champion Author Austin Posts:5,482 Points:1,508,130 Joined:Jul 2004	Message Posted: Aug 24, 2012 9:16:44 PM Ignore N5EXY Report Abuse Texas refineries are thirsty for any crude.
FXRider94 Veteran Author New Jersey Posts:329 Points:1,225,915 Joined:Jul 2009	Message Posted: Aug 24, 2012 9:16:00 PM Ignore FXRider94 Report Abuse "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]
Aviator_Rob Champion Author New York Posts:3,795 Points:411,815 Joined:Mar 2012	Message Posted: Aug 24, 2012 9:15:01 PM Ignore Aviator_Rob Report Abuse 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.
wkb03 Champion Author Georgia Posts:1,950 Points:591,100 Joined:Aug 2011	Message Posted: Aug 24, 2012 9:13:45 PM Ignore wkb03 Report Abuse Wanting to and doing?
us4usa Champion Author Missouri Posts:5,978 Points:1,110,425 Joined:May 2008	Message Posted: Aug 24, 2012 9:11:31 PM Ignore us4usa Report Abuse Then they can pass the savings on to us, at the pumps???
rahcat Champion Author Grand Rapids Posts:2,458 Points:660,250 Joined:Jan 2010	Message Posted: Aug 24, 2012 9:10:50 PM Ignore rahcat Report Abuse Watch the EPA throw another monkey wrench into this.
regout Champion Author Quebec Posts:2,940 Points:829,780 Joined:May 2010	Message Posted: Aug 24, 2012 9:10:40 PM Ignore regout Report Abuse Ok.
MikLamb Champion Author Texas Posts:7,975 Points:2,173,170 Joined:Jun 2006	Message Posted: Aug 24, 2012 9:09:18 PM Ignore MikLamb Report Abuse Eventually.
vibdata Champion Author Massachusetts Posts:4,079 Points:847,350 Joined:Nov 2005	Message Posted: Aug 24, 2012 9:08:34 PM Ignore vibdata Report Abuse These projects are YEARS in the future and cost $100 MILLION or MORE. What's so thrilling about that???
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Aug 24, 2012 9:08:13 PM Ignore uptherefiners Report Abuse 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?
Blue_Cruzer Champion Author Lexington Posts:7,510 Points:1,667,635 Joined:Mar 2007	Message Posted: Aug 24, 2012 9:07:26 PM Ignore Blue_Cruzer Report Abuse Good!
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Aug 24, 2012 9:07:23 PM Ignore pastorpaulcg Report Abuse Cool
PrinceLH Champion Author Ontario Posts:2,682 Points:536,095 Joined:Jun 2011	Message Posted: Aug 24, 2012 9:04:28 PM Ignore PrinceLH Report Abuse Again!!
lindyleigh123 Rookie Author Virginia Posts:42 Points:35,075 Joined:Mar 2012	Message Posted: Aug 24, 2012 9:04:25 PM Ignore lindyleigh123 Report Abuse ok...
must87searcher Champion Author Maryland Posts:8,971 Points:1,777,730 Joined:Apr 2008	Message Posted: Aug 24, 2012 8:56:52 PM Ignore must87searcher Report Abuse Here is another questionable change.
camel1 Champion Author Minnesota Posts:8,260 Points:2,264,665 Joined:Jul 2006	Message Posted: Aug 24, 2012 8:54:51 PM Ignore camel1 Report Abuse why so long for the changes? To milk higher profits longer from us poor consumers???
GigHarborHound Champion Author Tacoma Posts:2,522 Points:485,565 Joined:Sep 2011	Message Posted: Aug 24, 2012 8:54:01 PM Ignore GigHarborHound Report Abuse YES
bra0712 Champion Author Arizona Posts:3,655 Points:766,620 Joined:Nov 2008	Message Posted: Aug 24, 2012 8:52:13 PM Ignore bra0712 Report Abuse K
gmcgas Champion Author Atlanta Posts:5,942 Points:1,712,120 Joined:Mar 2004	Message Posted: Aug 24, 2012 8:50:23 PM Ignore gmcgas Report Abuse duh they would make more money
clermont40miles Champion Author Cincinnati Posts:10,554 Points:1,770,090 Joined:Apr 2008	Message Posted: Aug 24, 2012 8:48:39 PM Ignore clermont40miles Report Abuse 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.
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Aug 24, 2012 8:48:09 PM Ignore farn1958 Report Abuse Who cares0.
DEG Champion Author Las Vegas Posts:17,610 Points:3,492,755 Joined:Jul 2003	Message Posted: Aug 24, 2012 8:48:01 PM Ignore DEG Report Abuse 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.
aggietim Champion Author Fort Worth Posts:1,756 Points:692,425 Joined:Oct 2008	Message Posted: Aug 24, 2012 8:45:54 PM Ignore aggietim Report Abuse ok
bvrbill Champion Author Eugene Posts:3,199 Points:516,575 Joined:Jul 2011	Message Posted: Aug 24, 2012 8:43:33 PM Ignore bvrbill Report Abuse I hope the find a way to keep the refined product in America.
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,709,660 Joined:Apr 2005	Message Posted: Aug 24, 2012 8:42:31 PM Ignore SavALot Report Abuse Even the oil rigs are bigger in TX
nozzle46 Champion Author Little Rock Posts:6,680 Points:1,470,775 Joined:Jul 2006	Message Posted: Aug 24, 2012 8:41:58 PM Ignore nozzle46 Report Abuse Amounts we're talking about a drop in the bucket of what we consume.
furiousfowl Champion Author Riverside Posts:16,845 Points:2,747,230 Joined:May 2005	Message Posted: Aug 24, 2012 8:38:26 PM Ignore furiousfowl Report Abuse Probably end up selling it to China
g747 Champion Author Mobile Posts:4,531 Points:931,720 Joined:Jul 2009	Message Posted: Aug 24, 2012 8:38:04 PM Ignore g747 Report Abuse Pump it quickly!!!!!!!!!!.
bonzoonfmb Champion Author Florida Posts:1,772 Points:641,885 Joined:Feb 2010	Message Posted: Aug 24, 2012 8:36:27 PM Ignore bonzoonfmb Report Abuse What is produced will go to the highest bidder and will not lower the domestic price of U.S. gasoline.
itsjustme719 All-Star Author Hamilton Posts:611 Points:597,700 Joined:Dec 2010	Message Posted: Aug 24, 2012 8:28:51 PM Ignore itsjustme719 Report Abuse Okay.
Tekkersmom57 Champion Author Syracuse Posts:1,865 Points:698,785 Joined:May 2010	Message Posted: Aug 24, 2012 8:28:46 PM Ignore Tekkersmom57 Report Abuse Great point AKmailman!
hammer219115 Veteran Author Pennsylvania Posts:411 Points:22,950 Joined:Aug 2006	Message Posted: Aug 24, 2012 8:24:23 PM Ignore hammer219115 Report Abuse Great
Fitwit Champion Author Stockton Posts:6,387 Points:1,353,780 Joined:May 2009	Message Posted: Aug 24, 2012 8:24:03 PM Ignore Fitwit Report Abuse Hmmmmmmmmmmmmmm
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DeeLA Champion Author Los Angeles Posts:4,802 Points:1,362,405 Joined:Nov 2008	Message Posted: Aug 24, 2012 8:20:03 PM Ignore DeeLA Report Abuse Okay
wayoung56 Champion Author Alabama Posts:2,790 Points:816,385 Joined:Oct 2006	Message Posted: Aug 24, 2012 8:18:17 PM Ignore wayoung56 Report Abuse Interesting article...
dlemma Champion Author Wyoming Posts:4,096 Points:1,553,070 Joined:Feb 2008	Message Posted: Aug 24, 2012 8:18:12 PM Ignore dlemma Report Abuse drill baby drill
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