NuStar Energy has launched a binding open season to determine interest in an expansion of the company’s Eagle Ford Shale – South Texas oil system. The expansion will add as much as 100,000 b/d of capacity moving oil to the company’s Corpus Christi North Beach facility.
NuStar spent $425 million to acquire assets from TexStar Midstream in late 2012 and those assets will be part of the expansion.
The expansion between the company’s Gardendale Terminal in La Salle County and Corpus Christi will be conducted in two phases:
- Phase 1 – Will add 35,000 b/d of throughput available in the 3rd quarter of 2014
- Phase 2 – Will add 65,000 b/d of throughput available in the first quarter of 2015
The expansion will raise total capacity in the system to ~200,000 b/d. NuStar is making 90,000 of the 100,000 b/d expansion available to shippers.
The open season continues through noon on August 30, 2013
Read the full press release at nustarenergy.com