NuStar Energy history

After purchasing several assets from Valero Energy in 2003, the L.P. also redeemed 3.8 million common units from Valero Energy to reduce Valero’s ownership interest in the partnership from nearly 74 percent to about 49 percent.

A follow-on offering in December 2006 consisted of the remaining 59 percent, reducing Valero Energy’s ownership in the L.P. to zero.

The NuStar Energy L.P. name and logo were unveiled in February 2007, and became official in April 2007 when the L.P. began trading as NuStar, with the NYSE ticker symbol, “NS.” And NuStar GP Holdings, LLC began trading under the symbol, “NSH.”

In 2008 NuStar also expanded into asphalt refining and marketing and became one of the nation’s leading asphalt producers with the purchase of East Coast asphalt refining assets.

In 2012, NuStar purchased an additional crude pipeline and storage system, as well as a gathering system in the Eagle Ford Shale region, and announced intentions to further grow its operations in that region and in the other shale play regions.

In 2015, on the heels of the United States government’s lifting of the federal ban on the export of crude oil produced in the United States, NuStar loaded what was believed to be the nation’s first export of United States-produced light crude oil at its Corpus Christi North Beach Terminal.