CREDIT FACILITY	3 Months Ended
Mar. 31, 2013
CREDIT FACILITY [Abstract]
CREDIT FACILITY	CREDIT FACILITY Our 364-day revolving credit agreement dated June 29, 2012, matures on June 28, 2013 and has a borrowing capacity of up to $40.0 million, of which, up to $10.0 million may be available for letters of credit (the 2012 Credit Facility). For the three months ended March 31, 2013, we repaid $1.5 million under the 2012 Credit Facility. As of March 31, 2013, we had outstanding borrowings of $18.5 million and availability of $21.5 million for borrowings under the 2012 Credit Facility. Interest on the 2012 Credit Facility is based upon, at our option, either an alternative base rate plus 0.75% or a LIBOR-based rate plus 1.75%. As of March 31, 2013, the interest rate was 2.0%. The terms of the 2012 Credit Facility require NuStar Energy to maintain, as of the end of each rolling period, consisting of any period of four consecutive quarters, a consolidated debt coverage ratio not to exceed 5.0-to-1.0. If NuStar Energy consummates an acquisition for an aggregate net consideration of at least $50.0 million, the maximum consolidated debt coverage ratio will increase to 5.5-to-1.0 for two rolling periods. As of March 31, 2013, NuStar Energy’s consolidated debt coverage ratio was 4.3x and the maximum allowed amount was 5.5-to-1.0, as a result of its acquisition of certain crude oil assets from TexStar Midstream Services, LP and certain of its affiliates in December 2012. We are also required to receive cash distributions of at least $50.0 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 of the 2012 Credit Facility as of March 31, 2013.

CREDIT FACILITY

3 Months Ended

Mar. 31, 2013

Our 364-day revolving credit agreement dated June 29, 2012, matures on June 28, 2013 and has a borrowing capacity of up to $40.0 million, of which, up to $10.0 million may be available for letters of credit (the 2012 Credit Facility). For the three months ended March 31, 2013, we repaid $1.5 million under the 2012 Credit Facility. As of March 31, 2013, we had outstanding borrowings of $18.5 million and availability of $21.5 million for borrowings under the 2012 Credit Facility. Interest on the 2012 Credit Facility is based upon, at our option, either an alternative base rate plus 0.75% or a LIBOR-based rate plus 1.75%. As of March 31, 2013, the interest rate was 2.0%.

The terms of the 2012 Credit Facility require NuStar Energy to maintain, as of the end of each rolling period, consisting of any period of four consecutive quarters, a consolidated debt coverage ratio not to exceed 5.0-to-1.0. If NuStar Energy consummates an acquisition for an aggregate net consideration of at least $50.0 million, the maximum consolidated debt coverage ratio will increase to 5.5-to-1.0 for two rolling periods. As of March 31, 2013, NuStar Energy’s consolidated debt coverage ratio was 4.3x and the maximum allowed amount was 5.5-to-1.0, as a result of its acquisition of certain crude oil assets from TexStar Midstream Services, LP and certain of its affiliates in December 2012. We are also required to receive cash distributions of at least $50.0 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 of the 2012 Credit Facility as of March 31, 2013.