Untitled Document
Untitled Document

NuStar and Velocity Midstream will partner on new Eagle Ford Shale pipeline

A business unit of NuStar Energy said June 27 that it will partner with a midstream company based in Oklahoma to construct a 70-mile pipeline that will have the capacity to transport more than 100,000 barrels of oil per day from the Eagle Ford Shale in South Texas to NuStar’s terminal near Corpus Christi, Texas.

NuStar Logistics, based in San Antonio, and Velocity Midstream Partners of Tulsa will build and operate the12-inch diameter line, which will originate at Gardendale, just north of Cotulla, and connect with a new storage facility NuStar is constructing near Three Rivers, south of San Antonio.

NuStar’s Three Rivers storage facility will also connect to its existing 16-inch pipeline, which has the capacity to move 200,000 barrels of oil per day to its Corpus Christi North Beach terminal.

Related Articles

Hawkwood Energy acquires assets in East Texas

07/03/2014 Hawkwood Energy LLC, an independent upstream oil and gas company, has acquired producing and non-producing assets in Brazos, Leon, Madison, and Robertson counties, Texas. These assets establis...

Oil & Gas M&A in upstream sector reaches $51.3B in Q214

07/03/2014

Following a lacklustre first quarter for M&A activity in the oil and gas upstream sector, the second quarter of 2014 saw a spectacular rebound.

Sanchez completes acquisition of new Eagle Ford core area

07/01/2014 Sanchez Energy Corp. has closed its acquisition of Eagle Ford shale assets from wholly owned subsidiaries of Royal Dutch Shell plc with an effective date of January 1, 2014.  Including the $51...

Texas running one-quarter of all drilling rigs

06/30/2014 With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

Sanchez begins senior notes exchange offer

06/23/2014 Sanchez Energy Corp. has begun an exchange offer of up to $600 million aggregate principal amount of its 7.75% senior notes due 2021 that have been registered under the Securities Act of 1933, as a...

More Oil & Gas Financial Articles

Hawkwood Energy acquires assets in East Texas

Thu, Jul 3, 2014

Hawkwood Energy LLC, an independent upstream oil and gas company, has acquired producing and non-producing assets in Brazos, Leon, Madison, and Robertson counties, Texas. These assets establish the company as a significant player in the emerging Eagle Ford and Woodbine plays in East Texas.

Oil & Gas M&A in upstream sector reaches $51.3B in Q214

Thu, Jul 3, 2014

Following a lacklustre first quarter for M&A activity in the oil and gas upstream sector, the second quarter of 2014 saw a spectacular rebound.

Sanchez completes acquisition of new Eagle Ford core area

Tue, Jul 1, 2014

Sanchez Energy Corp. has closed its acquisition of Eagle Ford shale assets from wholly owned subsidiaries of Royal Dutch Shell plc with an effective date of January 1, 2014.  Including the $51.1 million deposit previously paid, total consideration for the acquisition was $553.5 million, comprising the $639 million purchase price less $85.5 million in normal and customary closing adjustments. 

Texas running one-quarter of all drilling rigs

Mon, Jun 30, 2014

With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

Sanchez begins senior notes exchange offer

Mon, Jun 23, 2014

Sanchez Energy Corp. has begun an exchange offer of up to $600 million aggregate principal amount of its 7.75% senior notes due 2021 that have been registered under the Securities Act of 1933, as amended, for an equal amount of its outstanding 7.75% senior notes due 2021 that have not been registered under the Act. 

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ