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February 07, 2016 4:10 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Sprague Operating Resources LLC

Company Overview

Sprague Operating Resources LLC owns and operates oil terminals that supply natural gas, coal, and petroleum products. The company was incorporated in 1987 and is based in Portsmouth, New Hampshire. Sprague Operating Resources LLC operates as a subsidiary of Sprague Resources LP.

185 International Drive

Portsmouth, NH 03801

United States

Founded in 1987





Key Executives for Sprague Operating Resources LLC

Sprague Operating Resources LLC does not have any Key Executives recorded.

Sprague Operating Resources LLC Key Developments

Dunellen, LLC Enters into Petroleum Storage Services Agreement with Sprague Operating Resources LLC

Dunellen, LLC entered into a petroleum storage services agreement with Sprague Operating Resources LLC for Dunellen's entire storage capacity at its 1,004,555 barrel petroleum storage facility and related deep water pier in East Providence, Rhode Island for an initial term of 5 years at an annual rent of $3,500,000 per year subject to an annual adjustment based on the percentage increase in the Consumer Price Index (CPI-U). Dunellen is entitled to receive an additional $0.15 for each barrel of throughput at the terminal in excess of 3,500,000 barrels. Sprague has the option to extend the lease for two additional terms of 5 years on giving at least 12 months' notice prior to the expiration of the initial or the first extension term.

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