Buckeye has retained the same fleet card systems as well as terminal loading procedures at the ex-Hess terminals, they said. The terminal takeover has not caused a significant change in bulk fuel pricing in the past two weeks.

However, in a terminal takeover, it is common for the new owner to take some time to sort out the billing and accounting systems for customers at the new terminals.

Most, if not all, ex-Hess terminal employees, totaling about 200, have remained at the terminals under new ownership.

In the longer run, Buckeye is expected to implement some changes to the 20 ex-
Hess terminals on the East Coast and the Caribbean.

To standardize the company’s system, Buckeye will implement its automated system at ex-Hess terminals eventually, they said.

Although the handover took place on Dec. 11, some Hess terminals have yet to be
painted over with the new Buckeye logo. The paint-over is expected to take place in Spring when the weather conditions are more favorable for painting.

Buckeye has kept most names of ex-Hess terminals, and some terminals will have
new names.

First Reserve terminal has been renamed Buckeye’s Raritan Bay terminal, they said. The oil terminal in St. Lucia is renamed Buckeye St. Lucia LLC.

In Rochester, N.Y., Buckeye has named ex-Hess terminal as Rochester West to
complement its two other Rochester terminals – North and South.

Buckeye has not released an official new name list for the Hess terminals so far.

Marketers said that Hess is still serving some commercial bulk sales contracts in the Northeast, but Sprague is expected to take over all these commercial accounts out of New York City by the end of this year.

Sprague has acquired the commercial fuels business of Hess outside of the New York City area, completing its exit from the wholesale energy business. Hess sold its wholesale power, gas and oil business in New York City to Direct Energy in November.