Business
FourPoint Resources and Energy Transfer Announce Agreement to Facilitate the Expansion of the Price River Terminal - Doubling its Export Capacity
FourPoint Resources, LLC ("FourPoint") today announced a strategic agreement with Energy Transfer LP (NYSE: ET) to significantly expand the Price River Terminal in Wellington, Utah, doubling the terminal's export capacity and enhancing deliverability of American Premium Uinta (APU) crude to refineries throughout the Lower 48. This expansion further strengthens the transportation infrastructure and takeaway capacity out of the Uinta Basin and unlocks greater market access for FourPoint to meet th
About this update from Energy Transfer Lp
[{"type":"text","content":"DENVER, Oct. 9, 2025 /PRNewswire/ -- FourPoint Resources, LLC ("FourPoint") today announced a strategic agreement with Energy Transfer LP (NYSE: ET) to significantly expand the Price River Terminal in Wellington, Utah, doubling the terminal's export capacity and enhancing deliverability of American Premium Uinta (APU) crude to refineries throughout the Lower 48. This expansion further strengthens the transportation infrastructure and takeaway capacity out of the Uinta Basin and unlocks greater market access for FourPoint to meet the growing demand for this high-quality American crude.","length":605,"tagName":"p"},{"type":"image","alt":"FourPoint Resource Logo","displaySize":"","headline":null,"caption":"FourPoint Resource Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":196,"url":"https://media.zenfs.com/en/prnewswire.com/7093896c2992da578be2da784c9f7fab"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lc2I6Bw01Zpjcs58ygk4TQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7093896c2992da578be2da784c9f7fab","width":400,"height":196}},"href":"https://mma.prnewswire.com/media/2791726/FourPoint_Resources_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The terminal expansion will feature a newly constructed continuous loop track to streamline rail logistics and a railcar load rack capable of loading 140,000 barrels of oil per day. Terminal enhancements will also include nine new rail loading arms, four additional truck offload lanes, and upgraded pump capacity to accelerate and improve truck offloading operations. The project will also add a new heated storage tank with approximately 140,000 barrels of shell capacity and two additional 6,000-foot storage unit tracks, significantly improving storage capacity at the terminal. "With the expansion expected to be complete by the fourth quarter of 2026, subject to receipt of necessary third party and government approvals, FourPoint will secure capacity totaling 50,000 barrels of oil per day at the Price River Terminal," said Tripp Kerr, Vice President of Marketing at FourPoint. "Energy Transfer is an exceptional midstream company and their commitment to this project and reliable flow assurance will be critical to our growth strategy in the basin....