Energy Transfer and Sunoco Announce Strategic Permian Basin Crude Oil Joint Venture
ETEnergy Transfer(ET) Businesswire·2024-07-16 21:10

DALLAS, July 16, 2024 /PRNewswire/ -- Energy Transfer LP (NYSE: ET) ("Energy Transfer") and Sunoco LP (NYSE: SUN) ("Sunoco") today announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Map of Permian assets.Map of Permian assets. 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 cru ...