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Chevron U.S.A. Inc. and its affiliates retained EnergyNet for the sale of the Fourchon terminal located in Lafourche Parish, La. The Lot# 103614 includes the 100% ownership and operatorship of the FERC-regulated terminal with storage capacities of up to 150,000 bbl.
Opportunity highlights:
- Opportunity to acquire Chevron's Fourchon HLS Terminal located in Lafourche Parish, Louisiana
- 100% owned and operated terminal (FERC regulated) in southern Louisiana
- Crude terminal focused on transporting Heavy Louisiana Sweet (HLS) to domestic markets
- ~9,000 bbls /day volumes; with multiple shippers on the system
- Terminal and pipeline assets included span approximately 9 acres
- 3 tanks (1 in service) with 150,000 barrels of capacity
- Several market outlets via outbound connectivity to Harvest BOA Pipeline (LAL 1490) and Chevron Fourchon 20” Pipeline; inbound connectivity via pipelines owned by Rosefield
- Strategic Growth Upside
- Production: Potential volume increase of 15 to 30 % in the next few years driven by existing, reconnected and/or new producers
- Optionality: Minimal investment in HLS pumps to unlock additional market outlets for crude movements
- Storage: Up to 150,000 barrels of capacity to support flow assurance, trading optimization and/or growth for traditional and/or lower carbon product movements

Bids are due at 4:00 p.m. CDT on March 7. For complete due diligence information, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
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