NuStar to buy Eagle Ford oil, NGL pipelines

11/19/2012
NuStar Energy LP has agreed to purchase crude oil pipeline, gathering, storage, and natural gas liquids assets in the Eagle Ford shale from TexStar Midstream Services LP. NuStar will integrate the crude oil and NGL assets with its existing pipeline operations in the region. The company also began the process of selling its San Antonio refinery and related terminal in Elmendorf, Tex., (purchased out of bankruptcy in April 2011). The refinery assets include a NuStar-built pipeline connecting the terminal to the refinery. NuStar described the transactions as moving it away from the margin-based refining and marketing business to further grow its fee-based pipeline and storage operations. The...
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