NuStar Energy (NS +0.5%) will purchase crude oil pipeline, gathering and storage assets, as well...

|About: NuStar Energy L.P. (NS)|By:, SA News Editor

NuStar Energy (NS +0.5%) will purchase crude oil pipeline, gathering and storage assets, as well as liquid natural gas assets, in the Eagle Ford shale from TexStar Midstream Services for $425M. The transactions likely will be financed under its credit facility and junior subordinated notes. NS also says it plans to sell its refinery and terminal in Elmendorf, Tex.