Shippers to Have More Capacity Available to Access Multiple End
Markets out of Permian Basin
SAN ANTONIO--(BUSINESS WIRE)--Jan. 9, 2018--
NuStar Energy L.P. (NYSE: NS) announced today the start of its Binding
Open Season involving a second capacity expansion of NuStar Permian
Transportation and Storage LLC’s Permian Crude System.
This press release features multimedia. View the full release here:
Proposed Route for NuStar’s Permian Crude System Expansion Project (Photo: Business Wire)
NuStar Permian Crude System Expansion No. Two
With crude oil throughput volumes to certain destinations on NuStar’s
Permian Crude System approaching the system’s capacity, the NuStar
Permian Crude System Expansion No. Two will provide shippers with
additional transportation capacity that is capable of reaching multiple
downstream markets through interconnects at Colorado City, Texas. The
NuStar Permian Crude System Expansion No. Two is currently expected to
consist of three phased-in expansion projects, including: Big Spring
South Inlet; Colorado City Mainline Expansion; and County Line Loop.
Once completed, these projects are expected to provide approximately
70,000 barrels per day of additional capacity on the Permian Crude
System, of which 90 percent of such additional capacity will be
available for volume commitments during the Open Season.
Under the NuStar Permian Crude System Expansion No. Two Open Season,
potential shippers will have the opportunity to make volume commitments
and sign a Transportation Services Agreement (TSA) from designated
origin point segments to NuStar’s Colorado City, Texas Terminal at
tiered-volume committed rates. Subject to the limitations set forth in
the TSA, shippers that execute a TSA during the Open Season will also
have the option to elect firm transportation rights on NuStar’s Permian
Crude System during periods of prorationing for those movements for
which shippers have made volume commitments.
Binding Open Season
The Open Season commences on January 9, 2018 at noon CST and will extend
for at least 30 days. The Notice of Binding Open Season is available on
the NuStar Energy L.P. website at www.nustarenergy.com.
Interested potential shippers that would like to receive more
information about the Open Season, including the TSA, information about
rates, service and routes must sign a confidentiality agreement. A copy
of the confidentiality agreement is available by contacting Megan Acker,
Senior Manager-Business Development, at (210) 918-2000 or PermianOpenSeason@nustarenergy.com.
Permian Crude System
NuStar’s Permian Crude System currently consists of approximately 625
miles of crude transmission and gathering lines, spanning Borden,
Howard, Martin, and Midland Counties with delivery points into Midland,
Colorado City, and Big Spring, Texas.
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 more than 9,300
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 more than 96 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 website at www.nustarenergy.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180109006483/en/
Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell,
Treasurer and Vice President Investor Relations
Media, Mary Rose Brown, Executive Vice
President and Chief Administrative Officer,