Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) this week acquired a Permian Basin crude oil terminal and started production on a new line at its plastics plant in Mont Belvieu. 

Houston-based midstream company Genesis Energy LP (NYSE: GEL) is selling the crude oil terminal in Wink, Texas, to Exxon for an undisclosed amount. This latest deal comes after Genesis closed a $550M debt offering in August, the same month it announced it would buy Connecticut-based Tronox Ltd.’s (NYSE: TROX) alkali…

Houston Biz Journal
Exxon buys crude oil terminal from Houston co., starts production at Mont Belvieu plant