NuStar Energy L.P. has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips that will allow expansion of NuStar's South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips' growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production.

'We are excited to announce another major, accretive expansion in the Eagle Ford region so soon after the acquisition of TexStar's crude pipeline assets in the Eagle Ford region as it further expands the area our pipeline system can serve,' said Curt Anastasio, President and CEO of NuStar. 'This expansion, backed by major producers like ConocoPhillips, cements NuStar's position as a key logistics provider for Eagle Ford Shale play. We are fortunate to have extensive pipeline and terminal assets already in operation throughout the region with the capacity to easily support an expansion of this size and help support the incredible production growth taking place in the Eagle Ford Shale play.'

Tags: Nustar Energy