Moda Midstream is a liquids terminaling and logistics company that provides independent terminal, storage and distribution solutions to refiners, petrochemical manufacturers, marketers and producers of crude oil, condensate, NGLs, refined products and other bulk liquids. We concentrate on providing safe, reliable solutions to third parties on a first-come-first-served basis. We believe that every customer is important and deserves fairness, honesty and transparency.
In August 2018 Moda announced the acquisition of the Ingleside Energy Center and crude oil and LPG infrastructure from Occidental Petroleum Corporation. IEC is a storage and export terminal that provides access to global markets for crude oil and LPG producers and marketers. IEC is strategically located in Ingleside, Texas, near the mouth of Corpus Christi Ship Channel with minimal transit times to the Gulf of Mexico. The terminal links Eagle Ford Shale and Permian Basin production to key domestic and international markets. IEC has approximately 2.1 million barrels of oil storage capacity and three deep-water berths for crude oil. The facility is undergoing expansion to add storage capacity and infrastructure for contracted customer growth and to facilitate additional development. Moda also acquired LPG storage, berths and infrastructure, certain crude oil pipeline assets and offsite logistics locations. Looking forward, Moda plans to expand services through controlled-growth development for additional hydrocarbons expected to reach IEC in the coming years.
Moda is led by a highly experienced management team. Its members have a long and successful history of working together in the terminaling industry. Prior to forming Moda, co-founders Bo McCall, Jon Ackerman and Javier del Olmo worked together as members of the executive team at Oiltanking North America and its publicly traded affiliate Oiltanking Partners, L.P.