USDP - USD Partners LP strikes short-term deal to handle waxy crude at Stroud terminal
2023-06-28 18:00:09 ET
USD Partners LP ( NYSE: USDP ) has signed a rail-to-truck terminaling services agreement at its Stroud Terminal in Oklahoma with an unnamed third-party customer, the partnership said Wednesday.
The agreement, which has a term of three months, includes take-or-pay provisions with a minimum volume commitment.
The customer has signed the agreement for a trial period to test the terminal as a destination for its waxy crude oil production out of the Uinta Basin.
A long-term deal could be struck if testing is successful, the partnership said.
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USD Partners LP strikes short-term deal to handle waxy crude at Stroud terminal