Oil, Gas and Consumable Fuels
Company Overview of NuStar Logistics, L.P.
NuStar Logistics, L.P. engages in the terminalling, storage, and transportation of petroleum products; the transportation of anhydrous ammonia; and the refining and marketing of petroleum. The company operates in three segments: Storage, Transportation, and Asphalt and Fuels Marketing. The Storage segment operates terminal and storage facilities that provide storage and handling services for petroleum products, specialty chemicals, crude oil and other feedstocks, and other liquids; and storage tanks that are used to store and deliver crude oil. This segment also provides various services, such as blending, filtering, pilotage, tug assistance, line handling, launch, emergency response, and ot...
2330 N Loop 1604 West
San Antonio, TX 78248
Founded in 1999
Key Executives for NuStar Logistics, L.P.
Chief Executive Officer of Nustar GP, LLC, President of Nustar GP, LLC and Director of Nustar GP, LLC
Chief Financial Officer of Nustar GP, LLC and Executive Vice President of Nustar GP, LLC
Chief Administrative Officer of Nustar GP LLC and Executive Vice President of Nustar GP LLC
Senior Vice President of Nustar GP, LLC, General Counsel of Corporate & Commercial Law & Corporate of Nustar GP, LLC and Corporate Secretary of Nustar GP, LLC
Senior Vice President of Nustar GP, LLC and General Counsel of Litigation, Regulatory & Environmental of Nustar GP, LLC
Compensation as of Fiscal Year 2015.
NuStar Logistics, L.P. Key Developments
NuStar Energy Announces Binding Open Season for Proposed Second South Texas Crude Oil Pipeline System Expansion Project
Apr 2 15
NuStar Energy L.P. announced the start of its Second Binding Open Season of its South Texas Crude Oil Pipeline System by its affiliate, NuStar Logistics, L.P. With the first expansion of the South Texas Crude Oil Pipeline System nearing completion, Highway 99 in McMullen County, Texas has emerged as a desired new crude oil pipeline transportation origin. Current construction has resulted in an additional 10,000 barrels per day available for a firm volume commitment, after a 10% set-aside for walk-up shippers. Deliveries into the proposed Highway 99 origin would need to be under the 45 API gravity common grade. Under the Second South Texas Expansion Project Binding Open Season, new shippers may sign a Throughput and Deficiency Agreement ("T&D Agreement") for firm committed transportation rights on NuStar's South Texas Crude Oil Pipeline System at any of the four origin points, including the new Highway 99 origin point. Further, existing firm committed shippers of the first expansion of the South Texas Crude Oil Pipeline System may elect to amend their existing T&D Agreement to add Highway 99 as an origin in fulfillment of the contracted volume commitment.
NuStar Logistics, L.P. Amends Unsecured Five Year Revolving Credit Agreement
Oct 31 14
On October 29, 2014, NuStar Logistics, L.P., JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto amended and restated NuStar Logistics' unsecured 5-year revolving credit agreement dated as of May 2, 2012, as amended. The Amended and Restated Credit Agreement matures on October 29, 2019 and has an aggregate borrowing capacity of up to $1.5 billion, which includes the ability to borrow up to the equivalent of EUR 250.0 million and up to the equivalent of GBP 250.0 million in British Pounds Sterling. The Amended and Restated Credit Agreement also provides the opportunity for NuStar Logistics to request an aggregate increase in the commitments from the lenders of up to $250.0 million (after which increase the aggregate commitment from all lenders shall not exceed $1.75 billion). Letters of credit are limited to $750.0 million (including up to the equivalent of EUR 25.0 million and up to the equivalent of GBP 25.0 million in British Pounds Sterling) and may restrict the amount that NuStar Logistics can borrow under the Amended and Restated Credit Agreement. NuStar Logistics' obligations under the Amended and Restated Credit Agreement are guaranteed by NuStar Energy and NuStar Pipeline Operating Partnership L.P., a wholly owned subsidiary of NuStar Energy. As of October 29, 2014, NuStar Logistics had $563 million of borrowings and $23 million of letters of credit outstanding under the Amended and Restated Credit Agreement.
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