Shippers to Have a New Pipeline Shipping Origin in Eagle Ford Area
SAN ANTONIO--(BUSINESS WIRE)--Apr. 2, 2015--
NuStar Energy L.P. (NYSE: NS) announced today the start of its Second
Binding Open Season of its South Texas Crude Oil Pipeline System by its
affiliate, NuStar Logistics, L.P. (“NuStar”).
Second South Texas Expansion Project
With the first expansion of the South Texas Crude Oil Pipeline System
nearing completion, Highway 99 in McMullen County, Texas has emerged as
a desired new crude oil pipeline transportation origin. Current
construction has resulted in an additional 10,000 barrels per day
available for a firm volume commitment, after a 10 percent set-aside for
walk-up shippers. Deliveries into the proposed Highway 99 origin would
need to be under the 45º API gravity common grade.
Under the Second South Texas Expansion Project Binding Open Season, new
shippers may sign a Throughput and Deficiency Agreement (“T&D
Agreement”) for firm committed transportation rights on NuStar’s South
Texas Crude Oil Pipeline System at any of the four origin points,
including the new Highway 99 origin point. Further, existing firm
committed shippers of the first expansion of the South Texas Crude Oil
Pipeline System may elect to amend their existing T&D Agreement to add
Highway 99 as an origin in fulfillment of the contracted volume
commitment.
Binding Open Season
The Second Binding Open Season commences on April 2, 2015 and continues
until noon (Central Time) on April 23, 2015. The Notice of Binding Open
Season is available on the website of NuStar Energy L.P. at www.nustarenergy.com.
Interested potential shippers that would like to receive copies of the
open season documents must sign a confidentiality agreement. A copy of
the confidentiality agreement and more information about the Binding
Open Season for the Second South Texas Expansion Project, including
information about rates, service and routes, is available by contacting
Rick Webb, Vice President-Business Development, at 210.918.2000.
South Texas Crude Oil Pipeline System
NuStar’s South Texas Crude Oil Pipeline System currently consists of
over 200 miles of crude transmission and gathering lines, spanning from
LaSalle County, McMullen County, Frio County and Live Oak County, and
continuing to Corpus Christi in Nueces County.
NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has 8,643 miles of
pipeline and 81 terminal and storage facilities that store and
distribute crude oil, refined products and specialty liquids. The
partnership’s combined system has approximately 93 million barrels of
storage capacity, and NuStar has operations in the United States,
Canada, Mexico, the Netherlands, including St. Eustatius in the
Caribbean, and the United Kingdom. For more information, visit NuStar
Energy L.P.'s Web site at www.nustarenergy.com.
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Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell,
Treasurer and Vice President Investor Relations
Investor Relations:
210-918-3507
or
Media, Mary Rose Brown, Executive Vice
President,
Corporate Communications: 210-918-2314
Web site: http://www.nustarenergy.com