WTI Houston Crude Oil Futures

Gain access to a diverse group of refiners, storage and export facilities. In partnership CME Group and Enterprise Products Partners L.P. introduce WTI Houston Crude Oil Futures with physical delivery. The connection of domestic users and location close to export facilities allows this contract to reflect improved price discovery, liquidity and risk transfer in this growing region. 

WTI Houston Futures and Options Live on November 5

On Monday, November 5, 2018, NYMEX will list the WTI Houston futures (HCL) and options (HCO) contracts for trading on the CME Globex electronic trading platform and for submission for clearing via CME ClearPort.

The new WTI Houston Crude Oil futures contract offers physical delivery to the Enterprise Houston system including the Enterprise Crude Houston (ECHO) terminal, Enterprise Houston Ship Channel (EHSC) or Genoa Junction. The contract delivering physical delivery in Houston is expected to trade as a spread to CME Group’s global benchmark WTI Light Sweet Crude Oil futures.

For more information on HCL and HCO contract specifications read the executive report.

Key Benefits

Trading HCL

  • Access to the most robust crude infrastructure system in Houston
  • Contract specs provide a consistent, known quality of crude oil in Houston
  • Trade as a Globex exchange listed spread to WTI Futures (CL) with no leg risk
  • Better capital efficiencies through margin offsets with the most liquid suite of North American crude oil futures
  • Many of the same features as industry leading CL, including expiration calendar, contract size, ability to EFP, and tick size

Crude Oil Condensate Distribution System

Crude Oil and Condensate Terminals

About Enterprise Products Partners LP

Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest midstream energy companies in the world and a leading North American provider of services linking producers and consumers a full range of hydrocarbon products, including crude oil.  Assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for crude oil, NGLs, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

With a network of 19 ship docks along the Gulf Coast, Enterprise is the leader in crude infrastructure in the Houston area and the largest exporter of crude oil in the nation.

Through its network of pipelines, storage and marine terminals, Enterprise has the capability to aggregate more than 4 million barrels per day (BPD) of various grades of crude oil and averaged more than 800,000 BPD of exports in the second quarter of 2018 with access to approximately 45 million barrels of crude oil storage, 24 million barrels in Houston.

The ECHO terminal, which has 7.4 million barrels of crude oil storage, is connected to every refinery in the Houston area, as well as a network of pipelines from the major producing basins, terminals and import/export docks. From the Permian Basin, Enterprise transports crude oil to Houston through the Midland-to-ECHO pipeline system, which has 575,000 BPD of capacity.

Enterprise Facts

  • Headquarters
    Houston, TX
  • Market Cap
    >$60 Billion
  • NYSE Listed
  • 2017 Operating Income
    $3.9 Billion
  • 2017 Net Income (Attributable to Limited Parters) 
    $2.8 Billion
  • Transportation Volume (First Half of 2018)
    6.2 Million Barrells Per Day
    (NGLs, Crude Oil, Refined Products, Petrochemicals)
  • 13.3 Billion BTUS Per Day
    (Natural Gas)
  • Asset Value (As of June 30, 2018)
    More than $56 Billion
  • Fortune 500
  • Employees

Enterprise Docks

Enterprise Docks Ship Docks Barge Docks
Enterprise Beaumont West 4 2
Enterprise Beaumont East 1 1
Enterprise HSC 7 2
Morgan's Point 2 2
Texas City 2 0
Freeport/Jones Creek 2 0
Corpus Christi  1 1

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