NuStar Energy L.P. Announces Open Season for Second Capacity Expansion of NuStar’s Permian Crude System
January 09 2018 - 12:41PM
Business Wire
Shippers to Have More Capacity Available to
Access Multiple End Markets out of Permian Basin
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.
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the full release here:
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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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180109006483/en/
NuStar Energy, L.P., San AntonioInvestors, Chris Russell,
Treasurer and Vice President Investor RelationsInvestor Relations:
210-918-3507orMedia, Mary Rose Brown, Executive Vice President and
Chief Administrative Officer,Corporate Communications:
210-918-2314website: http://www.nustarenergy.com
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