July 4, 2016 [OPIS] - United Pacific Energy on Tuesday completed the purchase of Enterprise Products Bakersfield, Calif., LPG rail terminal, said Virgil Majeski, vice president of United Pacific.
United Pacific opened the terminal on Wednesday and sold the first propane loads out of the facility under new ownership on Thursday, he said.
United Pacific previously said the Bakersfield facility would complement its existing asset base and would be a valuable link in the supply chain for fueling its customer network in the San Joaquin Valley and in Southern California.
The purchase of the Bakersfield terminal came with a backstory: The late, former father-in-law of United Pacific owner David Humphreys built the original terminal under Coast Gas in the late 1970s. In the mid-1990s, Cornerstone Propane, later renamed Coast Energy Group, purchased the plant. Enterprise then acquired it in 2002.
United Pacific owns and operates a fleet of LPG trucks and rail cars, operates a terminal in Northern California and is a partner with Sheldon Gas in a San Francisco Bay Area LPG terminal.
