The Houston Ship Channel region is shipping out more than 35 percent of the nation’s crude oil exports after the Houston area roughly tripled its volumes from 2017 to 2018.
All of the Texas Gulf Coast accounts for about 80 percent of the nation’s crude shipments with the Beaumont and Corpus Christi regions ranking second and third nationwide, according to a new report from Morningstar energy analyst Sandy Fielden.
This Texas dominance won’t end anytime soon. Most of the new crude production is coming from West Texas’ booming Permian Basin and there’s a race to build a bevy of new export terminals along the Texas coast and even offshore of Texas. The proposed offshore terminals are in deeper waters that can more easily handle the world’s largest crude vessels.