With the purchase, NuStar now owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West Texas consisting of more than 500 miles of crude oil gathering and transportation pipelines with approximately 92,000 b/d and ship-or-pay volume commitments and deliverability of approximately 412,000 b/d.

The deal also includes a pipeline gathering system with more than 200 connected producer tank batteries capable of more than 400,000 b/d of pumping capacity covering over 500,000 dedicated acres with fixed fee contracts, and approximately 1 million bbl of crude oil storage capacity with 440,000 bbl contracted to third parties.

NuStar, based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar has more than 9,200 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 bbl of storage capacity. NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.

——————————

TankTerminals.com – Research, Market and Expand Your Presence within the Tank Storage Industry. Learn more.