NuStar (NYSE: NS) to Expand Its Eagle Ford Crude O
NuStar Energy L.P. (NYSE: NS) NS (NuStar Energy) has previously reported that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips that will allow expansion of NuStars South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production.A new NuStar pipeline will originate at a 100,000 barrel NuStar terminal to be constructed near Pawnee, Texas, and will connect to NuStars existing 12-inch pipeline system between Pettus, Texas and Three Rivers, Texas. NS (NuStar Energy) will connect its existing 12-inch pipeline to its Oakville, Texas Terminal for crude delivery to the NuStar North Beach Terminal. The crude will be transported to Corpus Christi via NuStars existing 16-inch pipeline, and via new pipeline connections that will be built to Corpus Christi refineries. NuStar will also provide truck-receiving facilities at the new terminal near Pawnee, Texas and at its recently completed terminal in Oakville.In addition, NS (NuStar Energy) is already constructing a new ship dock in Corpus Christi that will support the North Beach Terminal under a long-term lease with the Port of Corpus Christi. The private dock facility and refinery connections will enable NuStar to continue to expand its pipeline systems to meet the production growth taking place in South Texas. The pipeline expansion project will be completed during the fourth quarter of 2013, while the new dock facilities are expected to be complete in the first quarter of 2014. NuStar Energy L.P. (NYSE: NS ), 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 8,433 miles of pipeline; 82 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids; a fuels refinery with a throughput capacity of 14,500 barrels per day; and 50% ownership in two asphalt refineries with a combined throughput capacity of 104,000 barrels per day. The Partnerships combined system has approximately 94 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, the United Kingdom and Turkey. For more information, visit NuStar Energy L.P.s Web site at www.nustarenergy.com .In my opinion this is a stock to watch! ( Read Full Disclaimer at
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