Energy Transfer and Sunoco Announce Strategic Permian Basin Crude Oil Joint Venture
Sunoco LP(SUN) Prnewswire·2024-07-16 21:10
Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water gathering assets and operations. Sunoco will contribute all of its Permian crude oil gathering assets and operations to the joint venture. Energy Transfer's long-haul crude pipeline network that provides transportation of crude oil out of the Permian Basin to Nederland, Houston, and Cushing is excluded from the joint venture. The formation of the joint venture has an effective date of July ...