Energy Transfer, Sunoco Form Joint Venture of Permian Crude Businesses

(Reuters) – U.S. pipeline operator Energy Transfer  and fuel distributor Sunoco  on Tuesday said they would form a joint venture combining their crude oil and produced water-gathering assets in the Permian Basin. Dallas-based Sunoco is an affiliate of Energy Transfer, which billionaire Kelcy Warren controls. The joint venture, formed on July 1, is expected to be immediately … Read more