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Contract Type
partnership
DallasEnergyOil And GasRenewable EnergyDescription
Energy Transfer and Sunoco announced the formation of a joint venture combining their crude oil and produced water gathering assets in the Permian Basin. This joint venture will operate more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months