An oil and gas midstream service company is in the early stages of developing a project on the Port of Corpus Christi’s Harbor Island property near Port Aransas, company and port officials said Tuesday.
Kilgore-based Martin Midstream Partners, which provides transportation, storage and terminal services to oil and gas companies, wants to develop the entire 250-acre site, said Scott Southard, vice president for commercial development.
The company remains quiet about project details and has yet to file for permits but is looking to take advantage of Eagle Ford-related shipments and could bring about 50 jobs on refinery-type pay scales, Southard and Doug Towns, another Martin executive, said.
The project would represent new life for the former site of an Exxon and Fina crude oil storage facility. The port acquired the property in the 1990s and has been cleaning it up for years, removing more than a dozen 80,000-barrel tanks, thousands of feet of pipes, and residual petroleum.
Flint Hills Resources acquired it from Exxon and traded it to the port for another property in a transaction worth $8.7 million.
Port commissioners approved leasing the property to Martin Midstream for six months at $175,000 so the company can study the site and apply for permits. If they decide to purchase, the property would be put up for bid, port Managing Director Frank Brogan said.
Project development could take about three years, depending on growth of Eagle Ford Shale activity, Southard said.
Martin Midstream operates a crude oil terminal on the port’s inner harbor.