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Energy Transfer and Sunoco Form Joint Venture in Permian Basin

Jul 16, 2024about 2 years ago

Contract Type

partnership

DallasEnergyOil And GasRenewable Energy

Description

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.

Company Information

Company

Energy Transfer

Location

8111 Westchester Drive

Dallas, Georgia, United States

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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