Harvest Pipeline Company and Vitol Inc. Agree to Pursue Development of a State of the Art Crude Oil Terminal in the Port of Corpus Christi

HOUSTON–(BUSINESS WIRE)–In response to increased demand for crude transportation from South
Texas and the Permian Basin, Harvest Pipeline Company (an affiliate of
Hilcorp Energy Company) and Vitol Inc. have established an agreement to
explore joint development of a state of the art crude oil terminal to be
located in the Port of Corpus Christi.

“The agreement between Harvest Pipeline Company and Vitol is an
extraordinary opportunity to help satisfy the growing need for export
capacity along the Texas Gulf Coast,” said Sean Kolassa, President
Harvest Pipeline Company. “We are excited for the project to begin
moving forward.”

This project will complement Harvest’s existing South Texas business by
providing Eagle Ford barrels a new terminal connection from the Harvest
Midway junction. In addition, this concept will provide a new waterborne
outlet for the growing number of Permian barrels that are seeking access
to international markets. As more barrels flow to Corpus Christi from
the Permian Basin, additional storage will be developed at the emerging
Midway hub.

“Crude demand, particularly in emerging markets, continues to grow and
U.S. shale has an important role to play in satisfying this demand. Our
new pipeline and terminal will facilitate the efficient delivery of U.S.
crude to global markets, thereby increasing marketing opportunities and
optimizing value for U.S. producers,” said Mark Couling head of Crude
Oil for Vitol.

The parties have reached agreement with the Port of Corpus Christi for
the location of the terminal development and dock access. In addition,
the parties are reviewing the option of constructing a private dock for
the parties’ sole use at the oil terminal facility. Barrels will have
access to the terminal via a new 16-inch lateral pipeline.

About Harvest

Harvest Pipeline Company is a privately held midstream service
provider that operates various crude oil and natural gas gathering,
storage, transportation, treatment and terminalling assets on behalf of
its affiliates across the United States.

About Vitol

Vitol is an energy and commodities company; its primary business is
the trading and distribution of energy products globally – it trades
over seven million barrels per day of crude oil and products and, at any
time, has 250 ships transporting its cargoes.

Vitol’s clients include national oil companies, multinationals,
leading industrial and chemical companies and the world’s largest
airlines. Founded in Rotterdam in 1966, today Vitol serves clients from
some 40 offices worldwide and is invested in energy assets globally
including: circa 18mm3 of storage across six continents, 480kbpd of
refining capacity and 5,000 service stations across Africa, Australia,
Eurasia and in Northwest Europe. Revenues in 2016 were $152 billion. For
more information: www.vitol.com.

Contacts

Commercial Contact:
Harvest Pipeline Company
Heather E.
Andrews, 713-289-2723
HAndrews@hilcorp.com
or
Vitol
Inc.
Michael F. Chambers, 713-230-2016
mfc@vitol.com
or
Media
Contact:
Hilcorp Energy Company
Silver Vasquez,
713-209-2400
svasquez@hilcorp.com
or
Vitol
Inc.
Andrea Schlaepfer, +447525403796
acs@vitol.com