More pipelines to coast planned
Systems reaching as far as North Dakota would move crude from shale fields
With a record amount of crude flowing from the nation’s shale fields, pipeline companies are continuing their wave of investments to move oil from those plays to refining and export hubs along the Texas Gulf Coast.
Houston refiner Phillips 66 said Friday that it is planning two oil pipeline systems that would stretch from North Dakota and Oklahoma to the coast. Also, two pipeline and storage companies are exploring building a crude and condensate pipeline from Cushing, Okla., to Houston.
Phillips 66 said its proposed Liberty Pipeline would stretch from the Bakken formation and the Rockies to Corpus Christi, presumably to take oil from North Dakota, Wyoming and Montana to refining and export hubs along the coast.
The project, which would ship 350,000 barrels of a crude a day, is tentatively slated for completion by the end of 2020. It would be built in a partnership with Wy-
think, for a couple of different reasons,” County Judge Nelson Wolff said. “One, it’s on the South Side of San Antonio. And, second, this brings an international company to establish their national headquarters right here in San Antonio. That’s a pretty big deal.”
Land at Brooks is already tax-exempt. But the commissioners unanimously approved exempting Okin’s personal property and equipment from taxes at
their Friday meeting, an abatement with an estimated value of about $238,000.
The county has also approved offering Okin a grant of up to $300,000 based on the company creating 100 new jobs paying at least $50,000 annually.
Friday’s vote allowed county officials to negotiate the incentive package with Okin. Commissioners are expected to give final approval to the incentives at a later date.
Okin, which provides business processing services, employs 1,350 workers across the globe. The San
Antonio headquarters would more than double its workforce, according to figures provided by the county.
Of the 1,400 San Antonio positions, 800 will pay more than $50,000 right out of the gate. Starting pay for about 380 positions will be above $70,000.
City and state officials also plan to kick in tax incentives to fund the headquarters. The state will grant $6.6 million from the dealclosing Texas Enterprise Fund to the project.
San Antonio officials have said they expect to give a grant to Okin and exempt its personal property and equipment from taxes. The city also plans to nominate it as a Texas Enterprise Zone Program, giving it access to state incentive funds worth $1.25 million over a five-year period.
Brooks will renovate two buildings for temporary use as Okin’s office space, financed by the Brooks Tax Increment Reinvestment Zone, before the company establishes a permanent presence at Brooks.