Investor Presentaiton
Establishes Leading Export Capabilities
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Tankage and Export Operations with VLCC Capabilities – Highly Complementary to Gibson's Existing Business
Key Asset Details
Connected to Key Takeaway Pipelines
Location
In-service Date
Basin Connectivity
Pipeline Connection
Capacity
Pipeline Connections
Export Capacity
Current Throughput
Maximum Vessel Size
Ingleside, Texas (Port of Corpus Christi)
July 2020
Permian and Eagle Ford
Taft (1)
GIBSON
ENERGY
Gray Oak Pipeline
Cactus II Pipeline
Up to 2.7 mmbbl/d into Ingleside, Texas
via Taft (2)
Harvest Pipeline(3)
Nueces Bay
South Texas
Gateway
EPIC Crude Pipeline
Permian: Gray Oak, Cactus II (2), EPIC Crude
Eagle Ford: Harvest Pipeline (3)
1 mmbbl/d (permitted)
Achieved record volumes of over 670,000 bbl/d
in March 2023
2x VLCCs
EXPANDING CORE TERMINALS FOOTPRINT
Storage Capacity
Contract Life
Source: EIA.
(1)
(2)
8.6 mmbbl with proximate owned land
providing opportunity for future tank expansion
20 tanks
Weighted average contract life of 3+ years
Current macro export fundamentals are
favourable for the re-contracting strategy
Taft also receives crude oil from the Double Eagle Pipeline and the NuStar Pipeline.
Assumes completion of the connector between STGT and the Cactus II Pipeline which is currently in progress.
(3) "Harvest Pipeline" refers to the Arrowhead System into Taft and the Harvest Ingleside Pipeline exiting Taft.
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