Hawk Field Services Opens Marine Terminal to Ship Eagle Ford Shale Natural Gas Condensate Via Intracoastal Waterway
April 28, 2012
The new Hawk Field Services truck terminaling and barge shipment facilities at the port's Point Comfort Turning Basin are now in full operation.
During March 2012 the company shipped a total of 12 barge loads of natural gas condensate through the port and to customers via the Gulf Intracoastal Waterway.
The condensate is being produced in the growing Eagle Ford Shale which covers a large part of the South Texas plains between San Antonio and the coast.
The Port Authority leased Hawk 12 acres out of the former Joslin Power Station property in mid-2011. The company built a high-efficiency truck unloading terminal there which is connected via pipeline to the port's waterfront area. Improvements were made to the port's Multi-Purpose Dock to allow it to handle liquid cargo outbound by barge.
Many of the wells being developed in the Eagle Ford Shale are in a zone that produces significant quantities of condensate which is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the natural gas.
The Eagle Ford is now projected to be one of the largest oil and gas fields in U.S. history. Production of oil, gas and condensate from the Eagle Ford is expected to continue for 30 to 50 years.
The prospect of long-term supplies of moderately priced shale gas has prompted the announcement of numerous new industrial plants, plant expansions and LNG export terminals on the Gulf Coast. Formosa Plastics, Dow Chemical, Williams Olefins, Chevron Phillips, INEOS Olefins and others have announced new projects based on new supplies of feedstock from shale gas.
Industry leaders note that for the first time in decades, US natural gas prices are affordable and relatively stable, starting which some project will be an American manufacturing resurgence. The American Chemistry Council reports that access to low-cost ethane has made the US one of the world's lowest-cost chemical producers.