NuStar Energy L.P.
NuStar Energy L.P.’s history has been filled with dramatic growth and success, rising from humble beginnings in 2001 to become the rising star of the energy industry today.
The partnership made its successful initial public offering (IPO) on April 16, 2001, with one of the best one-day performances of any master limited partnership IPO ever. On its first day, the partnership, then known as Shamrock Logistics L.P. and part of the former Ultramar Diamond Shamrock Corp., sold 5.175 million partnership units at $24.50, nearly twice the expected price range for this IPO. The partnership was soon renamed Valero L.P. after Valero Energy Corp. acquired UDS later in 2001. And since that time, the partnership has had outstanding results and demonstrated how a limited partnership can have unlimited potential.
Contact Details
Executives
Chairman
William E. (Bill) Greehey
President, CEO, and Director
Curtis V. (Curt) Anastasio