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41-Acre Lease Agreement Approved with Energy Company
The Port of Corpus Christi Authority approved a long-term lease agreement with Maverick Terminals Corpus LLC, a subsidiary of Howard Energy Partners. The 30-year lease agreement is for 41 acres on the north side of the Corpus Christi Ship Channel. Howard Energy’s plans are to design, build and operate a rail terminal and petroleum storage facility.
As part of the lease agreement terms, the port authority will design and construct Oil Doc 20, a new oil doc that will connect with Howard Energy’s proposed Dos Aguilas pipeline to Monterrey, Mexico. The Oil Dock 20 facility will initially target at least two- to three-unit trains per week to Mexico. Once the pipeline is built and operating, more volume is anticipated.
Howard Energy, headquartered in San Antonio, owns terminals at the Port of Brownsville and Port Arthur.
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