NuStar Energy Investor Conference Presentation Deck
NuStar
ā
Prior to March 2020, the lack of long-haul pipeline
capacity to transport WCS supply to Gulf Coast
demand generated price differentials that
supported unit train economics
We have contract commitments for 30MBPD
through April 2022
As Canadian production ramps back up, this
price dislocation is expected to re-emerge
and continue until Enbridge Line 3 is in service,
now estimated to occur by the end of 2021
ā
We can also handle light Bakken barrels with our
rail facility, which may offer an attractive
alternative to DAPL
MBPD
6,000
5,000
4,000
3,000
2,000
1,000
0
Jan-19
GULF COAST STORAGE & EXPORT
Our St. James Facility Benefits From Price Dislocations From Pipeline
Constraints and Will Benefit From Export Growth as Those Constraints
are Resolved
Canadian Crude Oil Production
Outlook
Rail Opportunity
Sep-19
Production
Source: ESAI, UBS
May-20
Dec-22
Jan-21
Sep-21
-Pipeline Takeaway Capacity
May-22
WCS
UNIT
TRAINS
WTI
BAKKEN
EXPORT
MARS
We continue to work to assure our facility is
connected to the pipeline projects in progress to
debottleneck shale plays, the region, as well as
the Midwest and beyond
In March 2019, Bayou Bridge began bringing
WTI light, Bakken and Canadian barrels either
for export or local use
As soon as early 2022, Capline owners plan to
reverse its service to bring WTI, heavy
Canadian and Bakken crude for use in
regional refineries and export to other
locations
29View entire presentation