(Cushing)- Matrix Service, Inc. has announced another major contract for storage tanks in Cushing. The company says it has secured a $50 million dollar contract for construction of storage tanks for Parnon Storage Inc. at the TEPPCO facility. The job’s specifications call for building tanks to hold 3 million barrels of oil.

The work is expected to be completed by the summer of 2009.

Matrix has already constructed several storage tanks for other companies at the Cushing tank farms.