Max Midstream company announced a new appointment to its executive board, and the coming of oil to its Calhoun pipeline, that in early January got expanded.
Firstly, the appointment was for Dan House as Global Head of Trading. Before coming to Max Midstream, House served as Head of US Crude Trading at Mercuria Energy Trading.
“The hiring of Dan House demonstrates again that Max Midstream is serious about achieving the goal of exporting Texas oil to the European market this year,” said Todd Edwards, CEO of Max Midstream in a statement.
While also saying: “Dan is one of the preeminent energy traders in the world; we are excited to have him on our team.”
Secondly, the company announced that oil is starting to reach its Calhoun Port, through a pipeline. As we said above, in early January the port got expanded after Congress approved the Water Resources and Development Act.
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Max Midstream near its goal to export to Europe
Moreover, the expansion contemplates deepening and widening of the pipeline’s capacity to support the export of 20 million barrels of oil per month, by 2023. In addition, “Aframax and Suezmax ships will also be able to load at the Port, making it a viable option for any exporter seeking a port other than Houston or Corpus Christi.”
Additionally, the port secured an agreement with Phillips 66 to connect its Gray Oak pipe to the Calhoun port; Which will allow Permian and Eagle Ford basin crudes to be exported bia the port.
“Dan is one of the preeminent energy traders in the world; we are excited to have him on our team. We are also pleased to announce that oil is already starting to reach the Port of Calhoun through our pipeline. Now, with Dan joining, we’re ready to take it to market,” Edwards remarked.
Finally, Dan House stated: “I’m excited to join Max Midstream and lead our new trading organization. We look forward to connecting customers around the world through our logistics and trading.”