USD Partners to sell its Hardisty Rail Terminal, Canada.

Texas-based USD Partners (USDP) is seeking buyers for its Hardisty Rail Terminal in Alberta, Canada. The company entered into a forbearance agreement with lenders, which requires the sale of the terminal by the end of the year. The terminal is an origination point for Canadian crude oil, which is loaded onto railcars for transport to end markets. The sale does not include the diluent recovery unit (DRU), which is jointly owned by Gibson Energy and US Development Group. USDP acquired the terminal assets in 2022 and has a designed takeaway capacity of approximately 262,500 barrels per day. [Extracted from the article]