NuStar Energy to acquire Navigator Energy for $1.5bn.

NuStar Energy, oil pipeline operator, has acquire Navigator Energy Services, midstream solutions provider for $1.5bn. “We believe these are the right assets, in the right place, at the right time for NuStar. The assets are strategically located in the core of the core of the country’s most prolific basin, are well-built and well-run, are backed by solid, fee-based customer contracts, and are run on a business model and approach that falls right in our wheelhouse. They also provide us with a strong growth platform that, when coupled with our Eagle Ford system, will solidify our presence in two of the most prolific basins in the United States, which better positions us for distribution growth in the future." Bradley C. Barron NuStar President and CEO.