CREDIT FACILITY	6 Months Ended
Jun. 30, 2011
CREDIT FACILITY [Abstract]
CREDIT FACILITY	CREDIT FACILITY Our 364-day revolving credit facility dated July 15, 2010 with a maturity date of July 14, 2011, has a borrowing capacity of up to $30.0 million, of which, up to $10.0 million may be available for letters of credit (2010 Credit Facility). As of June 30, 2011, we had outstanding borrowings of $11.0 million and availability of $19.0 million for borrowings under the 2010 Credit Facility. The 2010 Credit Facility bears interest at an alternative base rate plus 1.75% or a LIBOR-based rate plus 2.75%, which was 2.9% as of June 30, 2011. The carrying amount of the 2010 Credit Facility approximated its fair value as of June 30, 2011. The terms of the 2010 Credit Facility require NuStar Energy to maintain a total debt-to-EBITDA ratio of less than 5.0-to-1.0 for any four consecutive quarters. On March 7, 2011, we amended the 2010 Credit Facility to exclude NuStar Energy's unused proceeds from the Gulf Opportunity Zone bond issuances from its total indebtedness in the calculation of the total debt-to- EBITDA ratio. As of June 30, 2011, the total debt-to-EBITDA ratio was 4.3x. We are also required to receive cash distributions of at least $35.0 million in respect of our ownership interests in NuStar Energy for the preceding four fiscal quarters ending on the last day of each fiscal quarter. Our management believes that we are in compliance with the covenants as of June 30, 2011. On July 14, 2011, we amended our 2010 Credit Facility to extend the maturity date to July 12, 2012. In addition, borrowings will bear interest at an alternative base rate plus 0.75% or a LIBOR-based rate plus 1.75%.

CREDIT FACILITY

Our 364-day revolving credit facility dated July 15, 2010 with a maturity date of July 14, 2011, has a borrowing capacity of up to $30.0 million, of which, up to $10.0 million may be available for letters of credit (2010 Credit Facility). As of June 30, 2011, we had outstanding borrowings of $11.0 million and availability of $19.0 million for borrowings under the 2010 Credit Facility. The 2010 Credit Facility bears interest at an alternative base rate plus 1.75% or a LIBOR-based rate plus 2.75%, which was 2.9% as of June 30, 2011. The carrying amount of the 2010 Credit Facility approximated its fair value as of June 30, 2011.

The terms of the 2010 Credit Facility require NuStar Energy to maintain a total debt-to-EBITDA ratio of less than 5.0-to-1.0 for any four consecutive quarters. On March 7, 2011, we amended the 2010 Credit Facility to exclude NuStar Energy's unused proceeds from the Gulf Opportunity Zone bond issuances from its total indebtedness in the calculation of the total debt-to-

EBITDA ratio. As of June 30, 2011, the total debt-to-EBITDA ratio was 4.3x. We are also required to receive cash distributions of at least $35.0 million in respect of our ownership interests in NuStar Energy for the preceding four fiscal quarters ending on the last day of each fiscal quarter. Our management believes that we are in compliance with the covenants as of June 30, 2011.

On July 14, 2011, we amended our 2010 Credit Facility to extend the maturity date to July 12, 2012. In addition, borrowings will bear interest at an alternative base rate plus 0.75% or a LIBOR-based rate plus 1.75%.