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.
