Profile: NuStar Energy LP (NS)
20 Jan 2017
NuStar Energy L.P., incorporated on December 7, 1999, is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company's operating segments include pipeline, storage and fuels marketing. The Company conducts its operations through its subsidiaries, primarily NuStar Logistics, L.P. (NuStar Logistics) and NuStar Pipeline Operating Partnership L.P. (NuPOP). The Company's assets include approximately 5,500 miles of refined product pipelines with over 20 associated terminals providing storage capacity of over five million barrels and approximately two tank farms providing storage capacity of over 1.4 million barrels; over 2,000 miles of anhydrous ammonia pipelines; approximately 1,200 miles of crude oil pipelines, with over eight associated terminals, providing approximately four million barrels of associated storage capacity, and over 50 terminal and storage facilities providing approximately 82.9 million barrels of storage capacity
The Company's pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia. The Company owns and operates refined product pipelines with a length of approximately 3,140 miles and crude oil pipelines with a of approximately 1,200 miles in Texas, Oklahoma, Kansas, Colorado and New Mexico (collectively, the Central West System); a 1,920-mile refined product pipeline originating in southern Kansas and terminating at Jamestown, North Dakota, with a western extension to North Platte, Nebraska and an eastern extension into Iowa (the East Pipeline); a 440-mile refined product pipeline originating at Tesoro Corporation's (Tesoro) Mandan, North Dakota refinery and terminating in Minneapolis, Minnesota (the North Pipeline), and a 2,000-mile anhydrous ammonia pipeline originating at the Louisiana delta area that travels north through the midwestern United States forking east and west to terminate in Nebraska and Indiana (the Ammonia Pipeline.
The Central West System covers approximately 4,340 miles. The Central West System pipelines support shale oil production and the refineries to which they are connected. The Central East System covers approximately 4,360 miles and consists of the East Pipeline, North Pipeline and Ammonia Pipeline. The East Pipeline covers approximately 1,920 miles. The North Pipeline originates at Tesoro's Mandan, North Dakota refinery and runs from west to east for approximately 440 miles to its termination in the Minneapolis, Minnesota area. The North Pipeline system includes approximately four terminals with storage capacity of approximately 1.4 million barrels. The East and North Pipelines include over20 truck-loading terminals, through which refined petroleum products are delivered to storage tanks and then loaded into petroleum product transport trucks.
The Company's storage segment includes terminal and storage facilities that provide storage, handling and other services for petroleum products, crude oil, specialty chemicals and other liquids. The Company owns and operates over 40 terminal and storage facilities in the United States and a terminal in Nuevo Laredo, Mexico, with total storage capacity of approximately 51.2 million barrels; a terminal on the island of St. Eustatius with tank capacity of approximately 14.4 million barrels and a transshipment facility; a terminal located in Point Tupper, Canada with tank capacity of over 7.8 million barrels and a transshipment facility, and approximately six terminals located in the United Kingdom and a terminal located in Amsterdam, the Netherlands, with total storage capacity of approximately 9.5 million barrels.
The St. Eustatius in the Caribbean is capable of handling a range of petroleum products, including crude oil and refined products, and it can accommodate heavy-laden ultra large crude carriers (ULCCs) for loading and discharging crude oil and other petroleum products. St. James terminal is located on the Mississippi River near St. James, Louisiana and lies on approximately 900 acres of land. Additionally, St. James facility has a barge dock and approximately two ship docks. The Point Tupper facility is an independent, ice-free marine terminal on the North American Atlantic coast, with access to the East Coast, Canada and the Midwestern United States via the St. Lawrence Seaway and the Great Lakes system, and can accommodate heavy-laden ULCCs for loading and discharging crude oil, petroleum products and petrochemicals. The Linden terminal facility has over two terminals that provide deep-water terminaling capabilities in the New York Harbor and primarily stores petroleum products, including gasoline, jet fuel and fuel oils. Its Amsterdam terminal has a total storage capacity of approximately 3.8 million barrels and it is located at the Port of Amsterdam and primarily stores petroleum products, including gasoline, diesel and fuel oil. The Company owns and operates approximately 2.1 million barrel crude oil storage and terminaling facility located at the Port of Corpus Christi in Texas.
The Company's fuels marketing segment involve the purchase of crude oil, fuel oil, bunker fuel, fuel oil blending components and other refined products for resale. The Company utilizes storage assets, including its own terminals and rail unloading facilities, at its St. James, Texas City and St. Eustatius terminals. Within its fuels marketing operations, it purchases crude oil and refined petroleum products for resale. It caters to ship owners, including cruise line companies.
The Company competes with Magellan Midstream Partners, L.P.
NuStar Energy LP
19003 W Interstate 10
SAN ANTONIO TX 78257-9518