Entitlements

The paperwork is done.

Thirteen permits, agreements and approvals — federal, state, port and municipal — that together take four to seven years off a comparable project. Listed here in full.

6
VLCC docks permitted by the Corps of Engineers
Development agreement provides for up to seven
~30MMBbl
Tankage supported by permits on the upland tracts
~20 MMBbl Exxon Tract · ~10 MMBbl Expansion Acreage
0
Municipal zoning restrictions on Berry Island or the Expansion Acreage
4–7yrs
Permitting time eliminated versus a greenfield start
  1. 01

    Section 10/404 permit — VLCC basin

    Permit in hand for six VLCC ship docks on the La Quinta Ship Channel. Removes the single longest lead item in a Gulf Coast terminal — four to seven years against a greenfield start.

    U.S. Army Corps of Engineers · Berry Island

    Issued 2025
  2. 02

    Development agreement

    Provides for up to seven ship docks, access to the La Quinta Ship Channel, an easement to use port submerged lands, and pipeline and conduit easement agreements linking Berry Island and the Exxon Tract.

    Port of Corpus Christi Authority · Berry Island

    2023 – 2025
  3. 03

    Franchise agreement — “favored nations” clause

    Guarantees wharfage rates no less favorable than competing docks in the port — the lowest available volume rates, in a pro-business jurisdiction.

    Port of Corpus Christi Authority · Berry Island

    In place
  4. 04

    De-annexation

    Berry Island was de-annexed from the city, removing municipal zoning restrictions and allowing flexible development on accelerated timelines.

    City of Corpus Christi · Berry Island

    2017 – 2022
  5. 05

    Conduit easement

    Easement for utilities to the mainland; two subsurface conduits already drilled beneath the La Quinta channel. A high-pressure natural-gas line from previous use exists on the island.

    Port of Corpus Christi Authority · Berry Island

    In place
  6. 06

    Pipeline rights-of-way

    ~2.5-mile corridor from the Exxon Tract and ~6.9-mile corridor from the Expansion Acreage to Berry Island — the physical link between deep water and inland feedstock.

    Private easements · Exxon · Price → Berry Island

    Secured
  7. 07

    Industrial zoning + Special Use permit

    Authorizes immediate development of a terminal or ~20 MMBbl tank farm on the tract.

    City of Ingleside · Exxon Tract

    2025
  8. 08

    Certificate of Completion — voluntary cleanup

    Closes the remediation of the former Humble Oil refinery site and allows reconstruction of storage tanks. Soil and groundwater assessment completed 2012.

    Railroad Commission of Texas · Exxon Tract

    August 2025
  9. 09

    TCEQ certification — ~89 additional acres

    69 acres remediated and awaiting certification; ~20 acres of former impoundment under active remediation by the previous owner at its contractual obligation. Wholly owned and legally segregated.

    Texas Commission on Environmental Quality · Exxon Tract expansion

    Pending
  10. 10

    Industrial zoning — unannexed

    Zoned industrial and not annexed by any municipality: no zoning restrictions. Permitting supports a ~10 MMBbl tank farm.

    San Patricio County · Expansion Acreage

    In place
  11. 11

    State Highway 200 approved route

    Approved route runs directly through the property, with SH 361 immediately north.

    Texas Department of Transportation · Exxon Tract

    Approved
  12. 12

    Foreign-Trade Zone #122

    Free-trade-zone status available to development on the platform.

    Port of Corpus Christi Authority · All tracts

    Available
  13. 13

    Dredge-material placement

    Berry Island is a permitted dredge-material placement area under an agreement in place since 2001 — a working, revenue-bearing use of the island ahead of development.

    Regulatory permit · Berry Island

    Permitted

Statuses as described in company materials, February 2026. Instruments are available for review by qualified parties under a confidentiality agreement.

Diligence

Instruments, surveys and reports on request

Permits, agreements, the 2012 environmental assessment, the RRC certificate and survey plats are held by the company and made available to qualified parties.