U.S. Energy recently acquired two refined product terminals in Mount Prospect and Rockford, Illinois.
With the addition of these facilities, U.S. Energy now owns and operates 37 terminals across nine states with a collective storage capacity of over 8 million barrels, the company reported. The Mount Prospect and Rockford facilities contribute 380,000 and 320,000 barrels of storage, respectively.
“This acquisition complements our existing footprint in the Midwest,” Josh Hermus, U.S. Energy vice president of business development, said in a news release. “While we already have a presence in Illinois from a renewable natural gas development and distribution standpoint, these terminals are our first owned and operated refined product assets in the state—allowing us to better serve our customers and partners in PADD [Petroleum Administration for Defense District] 2 markets.”
Each terminal is fed by pipeline with Mount Prospect receiving product from the West Shore pipeline, which also feeds the company’s Milwaukee terminals, and Rockford receiving product from the Badger pipeline, which also feeds the company’s Madison terminals.
“We are excited to welcome four legacy employees from these facilities to the U.S. Energy team,” said Dan Morrill, U.S. Energy VP of operations. “Across our terminal network, we pride ourselves on our customer service, safety record, site uptime, and throughput turnaround.
“We are confident these team members will help us replicate this at our new locations.”