NuStar Energy L.P. is a subsidiary of Sunoco LP, and formerly was a publicly traded master limited partnership. The company is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar owns 8,700 miles of pipeline and 79 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.[2]
 | |
| Industry | Oil and Gasoline, Transportation |
|---|---|
| Founded | April 16, 2001 |
| Headquarters | San Antonio, Texas United States |
Key people | Brad Barron (President & CEO) Tom Shoaf (CFO)[1] |
| Products | Petrochemical |
| Revenue |  $1.9 billion USD (2018) |
| Owner |
|
| Website | www |
The partnership's combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including Sint Eustatius in the Caribbean, and the United Kingdom.
Operations are managed by NuStar GP, LLC. As of December 31, 2015, NuStar GP, LLC had 1,251 domestic employees and certain of their wholly owned subsidiaries had 393 employees performing services for their international operations.[3]
In 2018 Inter Pipeline acquired NuStar Energy L.P.'s European bulk liquid storage business ("NuStar Europe") for cash consideration of US$270 million.[4] The following year, it received the first shipment of long haul Permian Crude at Corpus Christi terminal.[5]
In January 2024, Sunoco LP, a US-based owner of gas stations, announced it was acquiring NuStar for approximately $7.3 billion.[6] This transaction was completed in May.[7]
Crockett facility fire
editOn 15 October 2019, the Nustar Fire, a 15-acre wildfire, was caused by an explosion of two ethanol storage tanks at NuStar's Crockett, California, fuel depot.[8][9]
See also
editReferences
edit- ^ "NuStar Officers". NuStar Official Site. Archived from the original on 26 November 2015. Retrieved 26 November 2015.
- ^ Aldridge, James (3 November 2010). "NuStar's earnings grew in third quarter, despite drop in shale production". San Antonio Business Journal. Retrieved 26 November 2015.
- ^ "2015 Annual Report". AnnualReports. Retrieved 2 February 2017.
- ^ "Inter Pipeline announces the acquisition of European bulk liquid storage business".
- ^ "NuStar receives the first shipment of long-haul Permian Crude at Corpus Christi terminal".
- ^ "Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion". www.bloomberg.com. Retrieved 2024-01-22.
- ^ "Sunoco LP Completes Acquisition of NuStar Energy L.P.; Announces a 4% Increase in Quarterly Distribution". PR Newswire. 2024-05-03. Retrieved 2024-05-27.
- ^ "Nustar Fire". Cal Fire. 15 October 2019.
- ^ Borba, Andria (22 October 2019). "Plans To Build New Petrochemical Tanks In Rodeo Face Pushback Following NuStar Fire". KPIX5 CBS SF BayArea. Retrieved 4 November 2019.
External links
edit- Business data for NuStar Energy:
