SAN ANTONIO — A unit of San Antonio-based NuStar Energy said Monday that it will partner with an Oklahoma company to develop a 70-mile pipeline to transport more than 100,000 barrels a day of Eagle Ford shale oil products to NuStar's terminal near Corpus Christi.
NuStar Logistics' partner, Velocity Midstream Partners of Tulsa, will build and operate the 12-inch line, which will originate at Gardendale just north of Cotulla and connect with a new storage facility NuStar is building near Three Rivers, south of San Antonio.
NuStar's Three Rivers storage facility also will connect to its existing 16-inch pipeline, which has the capacity to move 200,000 barrels a day of oil to its Corpus Christi North Beach terminal.
Source: Chron Business
For Oil Investment Opportunities or Energy Stock Information
No comments:
Post a Comment