NuStar buying Navigator Energy for $1.5 billion

San Antonio-based NuStar Energy is buying Navigator Energy Services for $1.5 billion to establish its pipeline presence in West Texas’ Permian Basin. The Permian is booming again and NuStar is seeking to build a foothold there with pipeline, processing and storage capacity. Dallas-based Navigator is backed financially by the private equity First Reserve Energy Infrastructure Fund. The …
Source: FuelFix