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  • Data analysis NuStar Acquires Navigator Energy Services for $1.48 Billion

    NuStar Energy LP has entered into a definitive agreement to acquire Navigator Energy Services LLC for approximately $1.48 billion.Navigator owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West Texas consisting of:approximately 500 miles of...

    NuStar Acquires Navigator Energy Services for $1.48 BillionData analysis
    Headlines, Global Deals

    NuStar Energy LP has entered into a definitive agreement to acquire Navigator Energy Services LLC for approximately $1.48 billion.

    Navigator owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West Texas consisting of:

    • approximately 500 miles of crude oil mainline transportation pipelines with approximately 74 Mbbl/d, ship-or-pay volume commitments and deliverability of approximately 412 Mbbl/d through multiple outbound interconnects
    • a pipeline gathering system with more than 200 connected producer tank batteries capable of more than 400 Mbbl/d of pumping capacity covering over 500,000 dedicated acres
    • approximately 1 Mbbl of crude oil storage capacity with 440 Mbbl leased to third parties

    The acquisition is expected to close in mid-to late-May 2017.

    View NuStar press release

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