TexStar Midstream Services, LP Extends Open Season for Eagle Ford Pipeline Project

TexStar Midstream Services, LP Announces the Extension of the Binding Open Season for the TexStar Crude Oil Pipeline, LP to Deliver Eagle Ford Crude Oil and Condensate to Corpus Christi
By: Michelle Crutchfield
Open Season Color jpg-web
Open Season Color jpg-web
Jan. 18, 2012 - PRLog -- TexStar Midstream Services, LP today announced it will extend its binding open season to obtain firm commitments from interested parties for the TexStar Crude Oil Pipeline, LP to transport crude oil and condensate from various points located in Frio, LaSalle, McMullen and Live Oak Counties in Texas to NuStar’s North Beach Terminal in Corpus Christi, Texas.  The open season closing date has been extended from January 20 to February 10, 2012, to allow interested parties additional time to evaluate the project and to execute definitive agreements.
“We have been pleased with the interest in our project over the last few weeks and are working with our potential shippers to complete the open season process and move to final regulatory approval and construction completion,” said Phil Mezey, co-CEO and Chief Operating Officer of TexStar’s general partner.  “Full operation of this crude and condensate system is expected by the third quarter of this year.”
TexStar is building and will operate a new 110-mile pipeline comprised of 12-inch and 8-inch diameter pipe that will have the capacity to move 100,000 barrels per day of crude and condensate from Frio, LaSalle and McMullen counties to Oakville, Texas, where TexStar has leased a portion of NuStar Logistics, L.P.’s 16-inch pipeline to move crude and condensate from Oakville to NuStar’s Corpus Christi Terminal.  The North Beach Terminal has approximately 2 million barrels of storage capacity and NuStar is actively developing expansion opportunities to increase its marine loading capabilities and to provide pipeline deliveries to the local markets. The North Beach Terminal will be capable of loading ocean going barges and ships.  In addition, approximately 1 million barrels of new tankage and truck unloading facilities will also be built along the pipeline system with the ability to add additional storage in the future as the need develops.

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TexStar provides a full range of midstream services to its customers including gathering, treating, and processing by reactivating idle pipelines and constructing new pipelines in South Texas.
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