{"id":766813,"date":"2023-06-28T17:01:44","date_gmt":"2023-06-28T21:01:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\/"},"modified":"2023-06-28T17:01:44","modified_gmt":"2023-06-28T21:01:44","slug":"usd-partners-lp-announces-short-term-agreement-at-stroud-terminal","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\/","title":{"rendered":"USD Partners LP Announces Short-Term Agreement at Stroud Terminal"},"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 LP Announces Short-Term Agreement at Stroud Terminal<\/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 that it has entered into a three month rail-to-truck Terminalling Services Agreement (\u201cTSA\u201d) with a new, third party customer at the Partnership\u2019s Stroud, Oklahoma terminal (the \u201cStroud Terminal\u201d). The short-term agreement includes take-or-pay provisions with a minimum volume commitment. The customer is entering into the agreement as a trial period to test the Stroud Terminal as a destination for its waxy crude oil production out of the Uinta Basin. If the testing period is successful, it is expected that a longer-term TSA could be executed with the customer.<\/p>\n<p>\n\u201cAs previously discussed during our first quarter 2023 earnings call, we are excited about this new business opportunity and the re-purposing of our Stroud Terminal to handle waxy crude from the Uinta Basin,\u201d said Brad Sanders, USD Group\u2019s Chief Commercial Officer. \u201cThe Uinta Basin\u2019s significant growth trajectory is constrained by its lack of access to rail logistics destinations, and our Stroud Terminal is uniquely positioned to provide direct access to meaningful market optionality that exists at the Cushing crude oil hub.\u201d<\/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, 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.<\/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\u2019s 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, USD is 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.<\/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 Partnership\u2019s expectations regarding a potential longer-term TSA with the new customer at the Stroud Terminal and statements relating to the potential for growth in the Stroud Terminal\u2019s business from the Uinta Basin and the value of the Stroud Terminal as a destination for Uinta waxy crude oil. Words and phrases such as \u201cexpect,\u201d \u201cplan,\u201d \u201cintent,\u201d \u201cbelieves,\u201d \u201cprojects,\u201d \u201cbegin,\u201d \u201canticipates,\u201d \u201csubject to\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 Partnership\u2019s ability to enter into new contracts for uncontracted capacity and to renew expiring contracts 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 recent significant reductions in demand for and 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.<\/p>\n<p>\nCategory: Operations<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230628306836r1&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\/20230628306836\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230628306836\/en\/<\/a><\/span><\/p>\n<p>\nAdam Altsuler<br \/>\n<br \/>Executive Vice President, Chief Financial Officer<br \/>\n<br \/>(281) 291-3995<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:aaltsuler@usdg.com\">aaltsuler@usdg.com<br \/>\n<\/a><\/p>\n<p>Jennifer Waller<br \/>\n<br \/>Sr. Director, Financial Reporting and Investor Relations<br \/>\n<br \/>(832) 991-8383<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jwaller@usdg.com\">jwaller@usdg.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Trucking Rail Other Energy Oil\/Gas Transport Alternative Energy Energy<\/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\/20230628306836\/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 LP Announces Short-Term Agreement at Stroud Terminal HOUSTON&#8211;(BUSINESS WIRE)&#8211; USD Partners LP (NYSE: USDP) (the \u201cPartnership\u201d) announced today that it has entered into a three month rail-to-truck Terminalling Services Agreement (\u201cTSA\u201d) with a new, third party customer at the Partnership\u2019s Stroud, Oklahoma terminal (the \u201cStroud Terminal\u201d). The short-term agreement includes take-or-pay provisions with a minimum volume commitment. The customer is entering into the agreement as a trial period to test the Stroud Terminal as a destination for its waxy crude oil production out of the Uinta Basin. If the testing period is successful, it is expected that a longer-term TSA could be executed with the customer. \u201cAs previously discussed during our first quarter 2023 earnings call, we are &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD Partners LP Announces Short-Term Agreement at Stroud Terminal&#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-766813","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD Partners LP Announces Short-Term Agreement at Stroud Terminal - 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-lp-announces-short-term-agreement-at-stroud-terminal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD Partners LP Announces Short-Term Agreement at Stroud Terminal - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"USD Partners LP Announces Short-Term Agreement at Stroud Terminal HOUSTON&#8211;(BUSINESS WIRE)&#8211; USD Partners LP (NYSE: USDP) (the \u201cPartnership\u201d) announced today that it has entered into a three month rail-to-truck Terminalling Services Agreement (\u201cTSA\u201d) with a new, third party customer at the Partnership\u2019s Stroud, Oklahoma terminal (the \u201cStroud Terminal\u201d). The short-term agreement includes take-or-pay provisions with a minimum volume commitment. The customer is entering into the agreement as a trial period to test the Stroud Terminal as a destination for its waxy crude oil production out of the Uinta Basin. If the testing period is successful, it is expected that a longer-term TSA could be executed with the customer. \u201cAs previously discussed during our first quarter 2023 earnings call, we are &hellip; Continue reading &quot;USD Partners LP Announces Short-Term Agreement at Stroud Terminal&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T21:01:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230628306836r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"USD Partners LP Announces Short-Term Agreement at Stroud Terminal\",\"datePublished\":\"2023-06-28T21:01:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\\\/\"},\"wordCount\":861,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230628306836r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/usd-partners-lp-announces-short-term-agreement-at-stroud-terminal\\\/\",\"name\":\"USD Partners LP Announces Short-Term Agreement at Stroud Terminal - 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