INVESTMENT IN NUSTAR ENERGY (Tables)

6 Months Ended

Jun. 30, 2011

INVESTMENT IN NUSTAR ENERGY [Abstract]

NuStar Energy's Balance Sheet Information

	June 30, 2011		December 31, 2010
	(Unaudited)
Balance Sheet Information:
Current assets	$	1,315,356	$	939,507
Property, plant and equipment, net	3,361,852		3,187,457
Goodwill	848,949		813,270
Other long-term assets, net	370,551		446,159
Total assets	$	5,896,708	$	5,386,393
Current liabilities	$	885,327	$	393,229
Long-term debt, less current portion	2,186,260		2,136,248
Other long-term liabilities	166,155		154,216
Total liabilities	3,237,742		2,683,693
NuStar Energy partners' equity	2,644,221		2,702,700
Noncontrolling interest	14,745		—
Total liabilities and partners’ equity	$	5,896,708	$	5,386,393

NuStar Energy's Statement of Income Information

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
	(Thousands of Dollars)
Statement of Income Information:
Revenues	$	1,589,184	$	1,124,941	$	2,823,800	$	2,070,470
Operating income	117,351		102,030		173,082		141,803
Net income	92,605		99,422		121,121		119,125

Reconciliation of NuStar Energy's Total Partners' Equity from Investment in NuStar Energy

	June 30, 2011			December 31, 2010
	(Thousands of Dollars)
NuStar Energy’s total partners’ equity	$	2,644,221		$	2,702,700
NuStar GP Holdings’ ownership interest in NuStar Energy	17.5		%	17.6		%
NuStar GP Holdings’ share of NuStar Energy’s partners’ equity	462,739			475,675
Step-up in basis related to NuStar Energy’s assets and liabilities, including equity method goodwill, and other	89,072			91,001
Investment in NuStar Energy	$	551,811		$	566,676