The new commercial programs consist of two recurring physical crude oil purchase and sale transactions at the Cushing and Midland Terminals and further expand VST's recurring physical crude oil marketing activities. The agreements reflect the Company's continued execution of its strategy to build a scalable, integrated commercial marketing platform that complements its transportation, terminaling and storage operations.

Key Highlights

  • Additional Annualized Commercial Activity: Approximately $384 million
  • Commercial Platform: More than $1.09 billion
  • New Commercial Programs: Two
  • Additional Marketed Volume: 400,000 barrels per month (4.8 million barrels annually)
  • Location: Cushing and Midland Terminals
  • Contract Term: August 1, 2026 – July 31, 2027