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December 14, 2012
09:19 EDTNSNuStar Energy closes on purchase of crude pipeline from TexStar Midstream
NuStar Energy announced that it has closed on the purchase of crude oil pipeline, gathering and storage assets in the Eagle Ford Shale region from TexStar Midstream Services LP for approximately $325M. The company is also acquiring natural gas liquids assets from TexStar that are also in the Eagle Ford Shale region for approximately $100M, and that acquisition is expected to close in the first quarter of 2013, subject to certain closing conditions. NuStar expects to spend $65M-$85M over the next 18 to 24 months to integrate and complete crude gathering and terminal assets, and projected EBITDA from the assets is expected to range between $10M-$30M in 2013, between $45M-$65M in 2014, and between $50M-$70M in 2015 and beyond when the assets are completed and fully integrated. Approximately $330M of growth capital will be required to complete NGL projects after that acquisition closes, and estimated EBITDA generated from the NGL assets should be in the $40 to $60 million range in 2014, and in the $70M-$90M range in 2015 and beyond upon completion of the NGL asset projects.
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November 17, 2015
08:10 EDTNSMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.

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