18 September 2013 23:55 [Source: ICIS news]
SAN ANTONIO (ICIS)--NuStar Energy’s proposed expansion of its crude oil pipeline system in south Texas would bring up to 100,000 bbl/day of additional capacity for transportation of burgeoning Eagle Ford shale production, the company’s CEO said on Wednesday.
NuStar will close a binding open season on 30 September aimed at gauging interest in the proposed expansion, which would be built between the Texas cities of LaSalle and Corpus Christi, NuStar CEO Curt Anastasio said at Hart Energy’s fourth annual DUG Eagle Ford conference.
The first phase of the project would provide an additional 35,000 bbl/day of throughput by the third quarter of 2014. Another 65,000 bbl/day of throughput capacity would be added in a second phase with an in-service date of first-quarter 2015.
“Eagle Ford has the advantage of being close to U.S. Gulf Coast refineries, and the adequate infrastructure in the region makes it all go,” Anastasio said.
Robertson detailed NuStar Energy’s presence to-date in one of North America’s most prolific shale plays.
NuStar, an independent liquids terminal and pipeline operator based in San Antonio, was the first mover of crude oil in Eagle Ford, Anastasio also noted.
According to the latest Texas Railroad Commission report released in June, average Eagle Ford production topped 598,000 bbl/day, up 150% from the comparable period in 2012.
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