Energy Transfer (ET) and Sunoco (SUN) have announced the formation of a joint venture (JV) that combines their crude oil and produced water-gathering assets in the Permian Basin in a strategic move to enhance their operations and financial performances.Energy Transfer, based in Dallas, will serve as the operator of the newly formed JV. The partnership is expected to be immediately accretive to distributable cash flow for both Energy Transfer and Sunoco, reflecting the strategic and financial benefits of thi ...