Max Midstream, a Texas-based energy company, agreed to acquire Seahawk Pipeline and Terminal at the Port of Calhoun from investment company Oaktree Capital for $92m. "This is a great day not only for the Texas oil industry, but for the state as a whole, as more than 1k jobs will be created. At a time when the oil and gas market is down, this project and partnership reflects proof that Texas is bouncing back and will remain resilient in being the world's leader in oil production," Todd Edwards, Max Midstream President.