Transforming the Market
Smart, Flexible, and Competitive Pricing
With Converge Midstream, a smarter, safer option for the storage of crude oil arrived in the world’s energy center. We offer flexible contract terms with services tailored to the needs of each customer. Customers benefit from 100% working capacity, with no stranded inventory, and the ability to weather short-term market disruptions.
As opposed to other methods for storing crude oil, Converge Midstream offers optionality that enables customers to maximize profits and manage logistics more intelligently. Our contract periods range from short-term to multi-year commitments. This provides customers with unparalleled flexibility, and the opportunity to capture market opportunities as they arise.
An Intelligent Alternative to Building Dozens of Above Ground Tanks
Until Converge Midstream commenced operations, all existing commercial crude oil storage in the Houston area had been in above-ground tank storage. While above ground storage has its purpose, it is extremely wasteful of space compared to underground storage—and is also not protected from catastrophic events such as hurricanes and floods, which have so adversely affected other types of oil storage facilities in the past. Underground storage is highly economical in terms of land area utilization, has less impact on the environment, and provides natural barriers from weather-related events.