Energy Transfer, Sunoco form Permian Basin pipeline JV

The JV will operate more than 5,000 miles of crude oil and water-gathering pipelines with crude oil storage capacity of more than 11 million barrels.Two Dallas-based oil and gas giants that have been active dealmakers so far in 2024 just agreed to pursue a joint venture in the Permian Basin.

Formed July 1, the JV will operate more than 5,000 miles of crude oil and water-gathering pipelines with crude oil storage capacity of more than 11 million barrels. The new JV is expected to be immediately accretive to distributable cash flow for both Energy Transfer and Sunoco. Energy Transfer also owns Lake Charles LNG Co., in addition to the general partner interests and 39% in Austin-based USA Compression Partners LP .of San Antonio-based NuStar Energy LP in May. The company also sold 204 stores spread across West Texas, New Mexico and Oklahoma to Irving-based 7-Eleven Inc. in April. The purchase price was 145,787 million yen, or about $950 million at an April 15 exchange rate.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Novel application of optical tweezers colorfully shows molecular energy transferA novel technique with potential applications for fields such as droplet chemistry and photochemistry has been demonstrated by an Osaka Metropolitan University-led research group.
Source: physorg_com - 🏆 388. / 55 Read more »

Faster charge transfer mechanism could lead to better energy conversion devicesSolar has emerged in recent years as the fastest growing renewable energy source in the United States, spurred in part by great improvements in technology that help turn light from the sun into electricity more efficiently.
Source: physorg_com - 🏆 388. / 55 Read more »

U.S. Department of Energy: $63.5 Million to Support Commercialization of Transformative Energy TechnologiesU.S. Department of Energy Announces Over $63 Million to Support Commercialization of Transformative Energy Technologies
Source: cleantechnica - 🏆 565. / 51 Read more »

Increased nuclear energy production legislation sent to Biden to help lower Americans' energy billsToday's Video Headlines: 6/24/24
Source: nypost - 🏆 91. / 67 Read more »

Shop energy efficient dehumidifiers for rooms throughout the houseEnergy Star certifies energy efficient and effective dehumidifiers.
Source: ABC - 🏆 471. / 51 Read more »