RBN Energy: St. James Rail Yards End the North Dakota Crude Oil Blues
This time our focus turns to NuStar Energy LP that owns the largest volume of crude oil storage at St. James, LA. NuStar Energy L.P. is a publicly traded, MLP based in San Antonio, TX with 8,433 miles of pipeline; 84 terminal and storage facilities and a 50 percent share in two asphalt refineries.
NuStar is a spin off from Valero midstream transportation assets. The company’s focus over the past two years has moved away from asphalt, refining and trading activities that are exposed to commodity prices towards fee based transportation and storage. In the process NuStar has built a crude oil infrastructure in the Eagle Ford and a major storage and transportation hub at St. James, LA.
Business continues to boom in Williston.
ReplyDeletehttp://www.kfyrtv.com/News_Stories.asp?news=61308
I've eaten there: it's a fantastic restaurant, and it's always incredibly busy. Yes, it appeared that prices were about a $1.50 - $2.00 higher than what I see elsewhere, but not unexpected. I'm impressed they keep prices as low as they do.
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