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Calumet Specialty Products Partners, L.P. Announces Agreement to Acquire San Antonio, Texas Refinery Assets from NuStar Energy,
Calumet Specialty Products Partners, L.P. ("Calumet") (NASDAQ:CLMT) announced today that it has signed a definitive agreement to acquire the San Antonio, Texas refinery and associated crude oil pipeline, crude oil terminal, other operating and logistics assets and inventories (the "San Antonio Assets") of NuStar Refining, LLC and NuStar Logistics, L.P., both wholly owned subsidiaries of NuStar Energy L.P. (NYSE:NS), for aggregate consideration of approximately $100 million, plus an amount for closing date inventory estimated to be $15 million, subject to customary purchase price adjustments (the "NuStar Acquisition"). Closing of the transaction is expected to occur in January 2013, subject to customary closing conditions.

date.png17 Dec 2012 14:49 | comments.png 0 Comments | tags.png calumet deals n-america nustar refinery texas usa [ More ]

NuStar to Significantly Expand Its Presence in Eagle Ford Shale
NuStar Energy L.P. (NYSE: NS) today announced that it has signed an agreement to purchase crude oil pipeline, gathering and storage assets and natural gas liquids (NGL) assets in the Eagle Ford Shale region from TexStar Midstream Services LP for $425 million. The asset acquisition will close in two separate transactions and will likely be financed with a combination of borrowings under NuStar’s credit facility and junior subordinated notes. The crude oil assets will be acquired first followed by the acquisition of the NGL assets a couple of months later.

date.png09 Nov 2012 07:10 | comments.png 0 Comments | tags.png n-america nustar pipeline refinery usa [ More ]

NuStar Energy L.P. Announces Binding Open Season for Proposed Niobrara Falls Project
NuStar Energy L.P. (NYSE: NS) announced today the launch of a Binding Open Season by its affiliate, NuStar Logistics, L.P. ("NuStar"), to assess shipper interest in firm priority space to transport crude petroleum from the Niobrara Shale near Platteville and Watkins, Colorado to Wichita Falls, Texas (the "Niobrara Falls Project"). The Niobrara Falls Project would also have the capability to transport Permian and Granite Wash crude petroleum delivered into NuStar’s Dixon, Texas Tank Farm for delivery to the various destinations. The Niobrara Falls Project would allow shippers the option to supply various refiners along the pipeline routes, including Suncor Energy’s Denver, Colorado refinery; Valero Energy’s McKee, Texas and Ardmore, Oklahoma refineries; and WRB’s refinery in Borger, Texas. In addition, it is expected that at Wichita Falls, Texas, shippers would have the option to access the Nederland/Beaumont, Texas markets and/or the Cushing hub via third-party pipelines.

date.png17 Oct 2012 06:20 | comments.png 0 Comments | tags.png n-america nustar pipeline usa [ More ]

NuStar, Valero Agree to South Texas Pipeline Projects Aimed at Increasing Transportation of Eagle Ford and Other Crude Sources
NuStar Energy L.P. (NYSE: NS) announced today that the company has entered into an agreement with Valero Energy Corporation (NYSE: VLO) in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils. These projects will help Valero improve transportation of crude and condensate to supply its refineries in Three Rivers, Texas and Corpus Christi, Texas.

date.png08 Sep 2011 05:35 | comments.png 0 Comments | tags.png nustar pipeline refinery usa valero [ More ]

NuStar Energy Agrees to Purchase Assets of AGE Refining
NuStar Energy L.P. (NYSE: NS) announced today that it has agreed to purchase certain refining and terminal assets of AGE Refining from the Chapter 11 Bankruptcy trustee for $41 million excluding net working capital. NuStar received clearance from the bankruptcy court yesterday to proceed with the purchase, and the company expects to close on the acquisition on April 19.

date.png18 Apr 2011 07:32 | comments.png 0 Comments | tags.png deals nustar refinery [ More ]
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