CVR Refining plans to sell its Cushing, Oklahoma crude oil tank terminal and is considering bids from potential purchasers.
The 1.5 million-barrel crude oil storage facility sits on a 130-acre parcel of land and includes six storage tanks, each with the capacity to hold 250,000 barrels of crude oil.
The land the facility sits on has sufficient acreage for 12 additional tanks of a similar size. The assets for sale include a truck unloading facility with a lease automatic custody transfer unit and four 400-barrel tanks.
The facility provides connectivity to other Cushing terminals and pipelines.
A new deepwater midstream frontierRegulatory update for US tank terminal operators Capturing hidden storage opportunities Make room for the boom From short to long - the US oil revolution Optimising the US Gulf Coast energy potential Storage stability amid a mixed production picture in the Americas Storage for Europe's energy transition Storage for a growing product market Should the industry rethink storage tank fire protection