Midstream Energy Partners completed the acquisition of the Casper rail terminal from USD Partners for $33m.

Midstream Energy Partners, a privately held Natural Gas Liquids focused business, completed the acquisition of the Casper rail terminal from USD Partners, a midstream infrastructure and complementary logistics solutions provider, for $33m. “As we continue to transition our business to lower carbon solutions, including our DRUbit™ by Rail™ network, we are reviewing all assets and their strategic fit in our growth plans. As we mentioned on our Q4 2022 earnings call, we remain committed to converting all of our dilbit capacity to our long-term sustainable DRUbit™ program at the Partnership’s Hardisty Terminal, which is supported by investment grade counterparties and ten year, take-or-pay contracts,” Dan Borgen, the USD Partners Chief Executive Officer.