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NuStar Energy Announces Binding Open Season for Proposed Niobrara Falls Project

NuStar Energy (NYSE: NS) announced today the launch of a Binding Open Season by its affiliate, NuStar Logistics, L.P. (“NuStar”), to assess shipper interest in firm priority space to transport crude petroleum from the Niobrara Shale near Platteville and Watkins, Colorado to Wichita Falls, Texas (the “Niobrara Falls Project”). The Niobrara Falls Project would also have the capability to transport Permian and Granite Wash crude petroleum delivered into NuStar's Dixon, Texas Tank Farm for delivery to the various destinations. The Niobrara Falls Project would allow shippers the option to supply various refiners along the pipeline routes, including Suncor Energy's Denver, Colorado refinery; Valero Energy's McKee, Texas and Ardmore, Oklahoma refineries; and WRB's refinery in Borger, Texas. In addition, it is expected that at Wichita Falls, Texas, shippers would have the option to access the Nederland/Beaumont, Texas markets and/or the Cushing hub via third-party pipelines.

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