Sprague Resources LP To Acquire Hess' Commercial Fuels Business

       Sprague Resources LP To Acquire Hess' Commercial Fuels Business

PR Newswire

PORTSMOUTH, N.H., Dec. 18, 2013

PORTSMOUTH, N.H., Dec. 18, 2013 /PRNewswire/ --Sprague Resources LP (NYSE:
SRLP) ("Sprague") announced today it has signed an agreement to acquire the
Commercial Fuels business of Hess Corporation ("Hess") outside of the New York
City service area. The Commercial Fuels business is one of the largest
marketers of refined products on the East Coast of the United States, serving
commercial, industrial and government accounts through both former Hess
terminal locations and third-party facilities. The transaction is expected to
be finalized prior to the end of the year.

"This acquisition will significantly increase our existing commercial fuels
business and expand our geographic footprint along the East Coast," said David
Glendon, CEO of Sprague Resources. "The fact that Hess approached us to
service their accounts following the sale of their terminals business reflects
Sprague's reputation in the industry for providing superior customer service
and reliable delivery. We look forward to extending these services to the Hess
Commercial Fuels customer base and ensuring seamless service provision to
these accounts."

About Sprague Resources LP

Sprague Resources LP is engaged in the purchase, storage, distribution and
sale of refined petroleum products and natural gas. The company also provides
storage and handling services for a broad range of materials.

Forward-Looking Statements

This press release may include forward-looking statements. These
forward-looking statements involve risks and uncertainties. When considering
these forward-looking statements, you should keep in mind the risk factors and
other cautionary statements in Sprague's prospectus and SEC filings. Sprague
undertakes no obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after this press
release. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this press

SOURCE Sprague Resources LP

Website: http://www.spragueenergy.com
Contact: (Investors) Taylor Hudson, +1 603.430.5397, thudson@spragueenergy.com
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