Chevron will soon pass the halfway mark in its effort to dispose of 13 refined products terminals in the U.S., and besides Buckeye, the prominent buyers include Kinder Morgan and Sunoco Logistics.
The Buckeye deal on the 103,000-bbl Opelousas deal terminal should close this Friday. It follows an announced purchase of a 4.6-million-bbl Shell terminal on the southeast coast of Puerto Rico. Buckeye is looking at other assets in the continental U.S., sources tell OPIS, with negotiations underway on some Midwestern properties.

Separately, Chevron moved terminals in Columbus, Ga.; Chattanooga, Tenn.; and Phoenix and Tucson, Ariz., in deals consummated with Kinder Morgan last month. It’s not known how much storage comes with the Columbus, Ga., terminal, but Chattanooga has light products capacity of about 210,000 bbl with Tucson tanks accounting for 101,000 bbl and Phoenix holding 190,000 bbl.
An October sale of Chevron’s 201,000-bbl products terminal in Big Sandy, Texas, was also confirmed. The buyer was Sunoco.
As exclusively reported in OPIS in February, Chevron identified 13 refined
products terminals in nine U.S. states for sale. The terminals that remain on the market include Albuquerque, N.M.; Anchorage, Alaska; Arcadia, La.; Lexington, Ky.; Macon, Ga.; and Montgomery, Ala.
Chevron declined to confirm the imminent sale of Opelousas, but a spokesperson did stress that changes in terminal ownership won’t impact product supply. Where terminals lie in areas that retain the Chevron brand, the company will negotiate throughput agreements with new owners.