TEXAS PIPELINE COMPANY MAX ENERGY ANNOUNCES PURCHASE OF SOUTHCROSS GAS PIPELINE

Momentum continues for Texas pipeline company

HOUSTON, April 4, 2022 /PRNewswire/ -- Texas pipeline company Max Energy continues to make moves as it today announced the purchase of the Upper Gulf Coast Pipeline System from Southcross Gulf Coast Transmission, Ltd. South Cross Gas Pipeline system.  This purchase will add another 328 miles of existing pipeline to the impressive collection of transportation, terminaling, and loading infrastructure Max is putting together on the Texas Gulf Coast.

"By purchasing the Southcross Gas Pipeline, Max Energy can now connect oil from all over the state to our Edna facility," said Todd Edwards, Max Chairman.  "We believe this will provide customers with alternatives to better optimize their crude oil movements and increase value throughout their supply chains.

Max Energy will immediately begin work on converting segment of the pipeline to crude operations.  Before the end of the year, Max plans to have completed an interconnect with the Grey Oak Pipeline and the Victoria Express Pipeline, which will further expand access to growing crude production from the Permian and Eagle Ford basins.  Max is also developing plans to connect its growing pipeline system to both the Houston and Corpus Christi markets.  This will provide customers with more options for crude movements.  Ultimately, this will allow customers the ability to utilize the Port of Calhoun to better optimize their logistics compared to more congested ports. Max will be able to transport crude via pipelines between the major export ports of Houston, Corpus Christi and Calhoun including connected header systems in Edna, Three Rivers, Taft and Helena. And, Max will continue to develop all assets within the commitments of maintaining a carbon-neutral export facility.

To see a map of the Max pipeline system, click here: Max Map

About Max Energy: Max Energy is creating a modern and evolved Energy Asset and Trading Company.  Throughout its development, it will instill innovation, forward-thinking, and new solutions for its market and customers.  As the world's energy needs and requirements are rapidly changing, Max Energy is prepared to offer value-driven solutions for today and the future.  Through its subsidiary Max Midstream, it operates a carbon neutral export terminal at the Port of Calhoun, Texas and linking pipeline on the US Gulf Coast.  For further information about Max Energy and Max Midstream, visit https://www.maxmidstream.com.