FourPoint Resources announced today their agreement with Energy Transfer LP to significantly expand the Price River Terminal in Wellington, Utah, doubling the terminal’s export capacity. The announcement also introduced the official launch and rebrand of the crude known as Uinta Wax or Yellow Wax to the new name, American Premium Uinta. “We’re focused on developing a robust and consistent production base in the Uinta Basin coupled with supporting logistics that enable us to move significant, reliable volumes of American Premium Uinta to both traditional markets in Salt Lake City and new markets beyond the basin,” states George Solich, Chief Executive Officer and Chairman of FourPoint. “As volatility continues to disrupt foreign crude imports, APU offers American refineries a premium, domestic alternative. This terminal expansion strengthens our ability to deliver that product consistently and at scale – supporting energy independence and fueling the production of American-made goods with American crude.” Thursday’s announcement states that the Wellington 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. The expansion is expected to be complete by the fourth quarter of 2026.
