A subsidiary of Adams Resources & Energy, a company that produces crude oil, natural gas and liquid chemical products, has acquired the outstanding equity interests of Victoria Express Pipeline (VEX) from EnLink Midstream Operating.
The VEX Pipeline System is a crude oil and condensate pipeline system connecting the heart of the Eagle Ford Basin to the Gulf Coast waterborne market. The system includes 56 miles of 12-inch pipeline with 350,000 barrels of above ground storage, two eight-bay truck offload stations, and access to two docks at the Port of Victoria in Texas, according to Adams Resources & Energy. The system has a current capacity of 90,000 barrels per day.
In addition, the VEX Pipeline System has downstream pipeline connections to two terminals, with the potential for additional downstream connection opportunities in the future.
“Over the last several years, the VEX Pipeline System has been integral to GulfMark's crude oil supply and marketi
