US Development Group to Sell Crude-by-Rail Terminals to Plains All American for $500M - Plains All American (NASDAQ:PAA)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

U.S. Development Group LLC (USD), a Houston-based developer of unit train logistics and terminal facilities, today announced that it has entered into an agreement to sell five of its industry-leading crude oil handling and distribution terminals to Plains All American Pipeline, L.P. (NYSE: PAA), a leader in the transportation, storage, development and marketing of crude oil and related products, for $500 million. The transaction involves the following terminals: the St. James Crude Terminal in St. James, La.; the Eagle Ford Crude Terminal in Gardendale, Texas; the Van Hook Crude Terminal in Mountrail County, N.D.; the Bakersfield Crude Terminal under development in Bakersfield, Calif. and the Niobrara Crude Terminal in Carr, Colo. In total, the terminals have

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

See full press release