The terminal and pipeline assets are located in the Midwestern, Southeastern and Western United States, further extending Buckeye’s operations into new geographic markets.   This acquisition includes over 10 million bbl of storage capacity, increasing Buckeye’s total liquid petroleum storage capacity by approximately 19% to over 63 million barrels.   

BP will continue to be a key customer at these facilities under multi-year throughput commitments.   The bulk of the purchases terminals are located in Ohio and along the Colonial pipeline.   

Out of the 33 terminals, eight are in Ohio, five are in Iowa, one each is in Kansas, Indiana, Wisconsin, Missouri, Florida, Kentucky and Pennsylvania, three are in Michigan, two are in California, three are in South Carolina, two are in Alabama and three are in Virginia.    

Buckeye has been on a buying binge since last year, acquiring new terminal assets in the Caribbean as well as on the Gulf Coast.