Right here in America there is a modern day oil & gas boom. The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the state of Texas. The play had more than a $25 billion dollar impact on the local South Texas economy in 2011.

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Thursday, August 4, 2011

NuStar signs new Eagle Ford shale deals

NEW YORK, July 29 (Reuters) - NuStar Energy LP (NS.N) signeddeals with Valero Energy Corp (VLO.N) and EOG Resources (EOG.N)regarding the Eagle Ford shale oil play in south Texas, NuStar
Chief Executive Curt Anastasio said on Friday during anearnings conference call with analysts.
 Anastasio said the deal with EOG subsidiaries included the
construction of a 70,000 barrel-per-day loading facility at
of360,000 barrels per day in extra tank storage.
NuStar's St. James, Louisiana, terminal and the constructio
n "The project will give our customer access to productionfrom the docking Eagle Ford and other developing shale playsthe opportunity to blend additional crudes in order to supply
the LLS market," said Anastasio, referring to the popular
intoSt. James.
benchmark crude, Light Louisiana Sweet, which is delivere
dAnastasio expects the project to come into operation during
the second quarter of 2012.
In addition, NuStar and Valero Energy have inked twothroughput and proficiency agreements related to Eagle Ford which includes several of NuStar's existing pipeline assets and
the construction of a new pipeline.
Source: Reuters
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