{"id":528591,"date":"2021-08-16T16:24:06","date_gmt":"2021-08-16T20:24:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-announces-increased-connectivity-at-its-stroud-terminal-at-the-cushing-hub\/"},"modified":"2021-08-16T16:24:06","modified_gmt":"2021-08-16T20:24:06","slug":"usd-partners-announces-increased-connectivity-at-its-stroud-terminal-at-the-cushing-hub","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-announces-increased-connectivity-at-its-stroud-terminal-at-the-cushing-hub\/","title":{"rendered":"USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub <\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nUSD Partners LP (NYSE:USDP) (the \u201cPartnership\u201d) announced today an expansion of the downstream connectivity at its Stroud terminal. The expansion is being pursued by an affiliate of US Development Group, LLC pursuant to its development rights at the terminal, and when completed will add a pipeline connection to a second 300,000 barrel storage tank at a third party facility at the Cushing, Oklahoma, crude oil hub (the \u201cCushing Hub\u201d). The expanded connectivity is expected to facilitate incremental rail-to-pipeline shipments of crude oil to the Cushing Hub by giving the terminal better capability to service multiple customers and\/or multiple grades of crude oil simultaneously. The expansion is expected to be completed in the first quarter of 2022.\n<\/p>\n<p>\n\u201cWe are excited about the enhanced connectivity at the Stroud terminal that this additional connection into the Cushing Hub creates,\u201d said Jim Albertson, Senior Vice President, Commercial Development \u2013 Canada. \u201cThis expansion facilitates greater market access and enhances the Stroud terminal\u2019s ability to increase its customer base and fee generating commitments.\u201d\n<\/p>\n<p>\nThe Stroud terminal is located on 76-acres with the ability to unload one unit train per day and includes two 70,000 barrel onsite operational storage tanks and one truck bay. Additionally, the terminal is connected to the Cushing Hub by a 12-inch diameter, 17-mile pipeline today.\n<\/p>\n<p>\n\u201cAs the only unit train facility connected by pipeline to the Cushing Hub, this additional connectivity enhances the strategic value and competitive advantages of our Stroud destination terminal as a rail-to-pipeline solution for our customers,\u201d said Brad Sanders, Executive Vice President and Chief Commercial Officer for USD.\n<\/p>\n<p><b>About USD Partners LP<\/b><\/p>\n<p>\nUSD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (\u201cUSD\u201d) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies, refiners and marketers. The Partnership\u2019s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership\u2019s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.\n<\/p>\n<p>\nUSD, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USD solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USDG, along with its partner Gibson Energy, Inc., is pursuing long-term solutions to transport heavier grades of crude oil produced in Western Canada through the construction of a Diluent Recovery Unit at the Hardisty terminal. USDG is also currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com. Information on websites referenced in this release is not part of this release.\n<\/p>\n<p><b>Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the timing of the completion of the Stroud terminal expansion project and whether and to what extent that the expansion project will increase the customer base, contracted cash flows, strategic value or competitive advantages of the Stroud terminal. Words and phrases such as \u201cplans,\u201d \u201cexpects,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cbelieves,\u201d and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management\u2019s expectations, estimates and projections about the Partnership, its interests and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include the impact of the novel coronavirus (COVID-19) pandemic and related economic downturn and changes in general economic conditions and commodity prices, as well as those factors set forth under the heading \u201cRisk Factors\u201d and elsewhere in the Partnership\u2019s most recent Annual Report on Form 10-K and in the Partnership\u2019s subsequent filings with the Securities and Exchange Commission (many of which may be amplified by the COVID-19 pandemic and the significant reductions in demand for, and fluctuations in the prices of, crude oil, natural gas and natural gas liquids). The Partnership is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\n<\/p>\n<p>\nCategory: Operations\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210816005683r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210816005683\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210816005683\/en\/<\/a><\/span><\/p>\n<p>\nAdam Altsuler, 281-291-3995<br \/>\n<br \/>Executive Vice President, Chief Financial Officer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:aaltsuler@usdg.com\">aaltsuler@usdg.com<\/a><\/p>\n<p>\nJennifer Waller, 832-991-8383<br \/>\n<br \/>Director, Financial Reporting &amp; Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jwaller@usdg.com\">jwaller@usdg.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas Oklahoma<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Rail Energy Transport Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210816005683\/en\/1131079\/3\/USDP_Logo_2021_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub HOUSTON&#8211;(BUSINESS WIRE)&#8211; USD Partners LP (NYSE:USDP) (the \u201cPartnership\u201d) announced today an expansion of the downstream connectivity at its Stroud terminal. The expansion is being pursued by an affiliate of US Development Group, LLC pursuant to its development rights at the terminal, and when completed will add a pipeline connection to a second 300,000 barrel storage tank at a third party facility at the Cushing, Oklahoma, crude oil hub (the \u201cCushing Hub\u201d). The expanded connectivity is expected to facilitate incremental rail-to-pipeline shipments of crude oil to the Cushing Hub by giving the terminal better capability to service multiple customers and\/or multiple grades of crude oil simultaneously. The expansion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-announces-increased-connectivity-at-its-stroud-terminal-at-the-cushing-hub\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-528591","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-announces-increased-connectivity-at-its-stroud-terminal-at-the-cushing-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"USD Partners Announces Increased Connectivity at Its Stroud Terminal at the Cushing Hub HOUSTON&#8211;(BUSINESS WIRE)&#8211; USD Partners LP (NYSE:USDP) (the \u201cPartnership\u201d) announced today an expansion of the downstream connectivity at its Stroud terminal. The expansion is being pursued by an affiliate of US Development Group, LLC pursuant to its development rights at the terminal, and when completed will add a pipeline connection to a second 300,000 barrel storage tank at a third party facility at the Cushing, Oklahoma, crude oil hub (the \u201cCushing Hub\u201d). The expanded connectivity is expected to facilitate incremental rail-to-pipeline shipments of crude oil to the Cushing Hub by giving the terminal better capability to service multiple customers and\/or multiple grades of crude oil simultaneously. 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The expansion is being pursued by an affiliate of US Development Group, LLC pursuant to its development rights at the terminal, and when completed will add a pipeline connection to a second 300,000 barrel storage tank at a third party facility at the Cushing, Oklahoma, crude oil hub (the \u201cCushing Hub\u201d). The expanded connectivity is expected to facilitate incremental rail-to-pipeline shipments of crude oil to the Cushing Hub by giving the terminal better capability to service multiple customers and\/or multiple grades of crude oil simultaneously. 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