NuStar Energy L.P. (NYSE:NS) announced today that its affiliate, NuStar
Logistics, L.P. ("NuStar"), will extend the Niobrara Falls Open Season
from noon CT November 15, 2012 to noon CT December 14, 2012.
As previously announced, NuStar is assessing 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. This extension will provide NuStar and its
potential shippers more time to discuss strategic alternatives involving
NuStar pipeline assets in these shale areas.
More information about the project and the open season is available at www.nustarenergy.com/Customers/Pages/NuStarOpenSeason.aspx.
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 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 partnership's 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.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Vice
Investor Relations: 210-918-3507
Rose Brown, Senior Vice President,
Web site: http://www.nustarenergy.com