New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:03 EDTNS, COPNuStar Energy to expand Eagle Ford crude oil pipeline system
NuStar Energy (NS) announced that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips (COP) that will allow expansion of NuStar's South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips' growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production. Anastasio stated that NuStar expects to invest approximately $100M-$120M for these expansions, which are backed by a 10-year throughput commitment. According to Anastasio, the projects are expected to generate approximately $15M in incremental, annual EBITDA once fully implemented. He noted that while the expansions would generate some EBITDA in 2013, the vast majority will be earned in 2014 and beyond.
News For NS;COP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 17, 2015
11:24 EDTCOPStatoil to exit operations in Alaska
Subscribe for More Information
08:10 EDTNSMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use