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

For Eagle Ford Projects or Energy Stock News

Kinder Morgan, Capano to increase presence in Eagle Ford shale

(Reuters) - Kinder Morgan Energy Partners, L.P. and Copano Energy, L.L.C.'s will provide midstream services to two oil and natural gas explorers via a joint venture, which aims to increase its presence in the Eagle Ford Shale play in south Texas.

The joint venture, Eagle Ford Gathering LLC, will provide transportation, processing and fractionation services of up to 50,000 million British thermal units (MMBtu) per day of natural gas production each to Petrohawk Energy Corp and Rosetta Resources Inc's unit.

Kinder Morgan Energy is a pipeline transportation and energy storage company, and Copano is a natural gas company.

"The joint venture is evaluating projects to expand its ability to handle natural gas from the Eagle Ford Shale play," Duane Kokinda, president of Kinder Morgan's Intrastate Pipeline Group, said.

Both the agreements will have a term of 10 years.

Source: Reuters

For Kinder Morgan Updates or Eagle Ford Project Investments 

Eagle Ford shale a boon for Three Rivers refinery

Drilling in the Eagle Ford shale isn’t just transforming the South Texas oil patch. The boom also is bringing change to the refinery that’s closest to the drilling: Valero’s Energy Corp.’s Three Rivers plant.

The Valero refinery began taking in Eagle Ford crude just late last year. Now the 100,000-barrel-a-day plant is processing about 35,000 barrels of Eagle Ford crude oil daily, a total that’s expected to rise to about 50,000 barrels a day by year’s end.

The boost in Eagle Ford drilling and changes at the Valero plant have prompted local officials to adopt and copyright a new slogan for the city: “Three Rivers — Heart of the Eagle Ford Shale.”

“We have a location advantage,” said Harry Wright Jr., vice president and general manager of Valero Three Rivers Refinery.

Using more locally produced crude oil will enable the Valero refinery to reduce costs and boost profit margins. The less expensive Eagle Ford crude will, as its use increases, replace more expensive foreign oil that arrives at Gulf Coast ports such as Corpus Christi and is then sent by pipeline to the refinery.

Source: Fuel Fix 

For Eagle Ford Shale Plays or Valero Energy Stock Information