NuStar Energy L.P. To Extend Binding Open Season For Proposed Niobrara Falls Project To February 15, 2013

NuStar Energy L.P. (NYSE: NS) announced today that the Niobrara Falls Open Season will be extended from noon CT December 14, 2012 to noon CT February 15, 2013. In light of the holidays and end-of-year vacations, this extension will allow more time for potential shippers to evaluate the project and submit binding commitments.

As previously announced on October 15, 2012, NuStar is assessing shipper interest in firm priority space to transport crude petroleum from the Niobrara Shale near Platteville and Watkins, Colorado to Wichita Falls, Texas. The Niobrara Falls Project would also have the capability to transport Permian and Granite Wash crude petroleum delivered into NuStar’s Dixon, Texas Tank Farm for delivery to the various destinations.

More information about the project and the open season is available at www.nustarenergy.com/Customers/Pages/NuStarOpenSeason.aspx.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has 8,573 miles of pipeline; 87 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids; a fuels refinery with a throughput capacity of 14,500 barrels per day; and 50% ownership in two asphalt refineries with a combined throughput capacity of 104,000 barrels per day. The Partnership’s combined system has approximately 95 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, the United Kingdom and Turkey. For more information, visit NuStar Energy L.P.'s Web site at www.nustarenergy.com.

Copyright Business Wire 2010

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