Acquisition of Navigator Energy Services, LLC April 2017
Two Publicly Traded Companies Other William E. Greehey Public Unitholders 9.0 million NSH Units 33.9 million NSH Units 21.0% Membership Interest 79.0% Membership Interest G.P. Interest in NS IPO Date: 4/16/2001 13% Common…
Transaction Rationale NuStar to acquire Navigator, which owns and operates a leading crude oil gathering, transportation and storage system in the Permian Transaction provides a meaningful entry into the Permian and a significant…
Acquisition Overview NuStar has executed a definitive agreement to acquire 100% of the membership interests in Navigator from First Reserve Energy Infrastructure Fund for 1.475 billion in cash NuStar has committed bridge financing…
Diversifies and Transforms NuStar's Crude Oil Operations Existing Assets 79 terminals 95 million barrels of storage capacity 8,700 miles of crude oil and refined product pipelines Pipeline Major Facility Terminals UK New…
Navigator is an Integrated Crude System Yoakum Terry Lynn Garza Kent Dawson Borden Scurry Gaines Plains Jo Mill Station Fisher Plains Good Station Bridge Tex Plains Basin North Howard Station Sunoco West Texas Gulf Sunoco…
Navigator is in the Most Active Areas of the Midland Permian Basin has Rigs by Top U.S. Play Rigs by Permian Rigs by Midland 319 rigs operating, Sub-Basin Counties representing 40% of Midland all U.S. onshore rig Permian 319 36…
Navigator Highlights Navigator system located in 5 of the 6 most active counties in the Midland Basin Midland is one of the most economic, resilient and fastest growing basins in the U.S. Core of the Permian, in aggregate, represents…
Preliminary Q1 2017 Earnings The following table indicates NuStar's Net Income, EBITDA and DCF based on preliminary financial results for the three months ended March 31, 2017: ( in thousands): Three Months Ended March 31, 2017 Low…
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