Energy Transfer and Sunoco Form Joint Venture for Permian Basin Assets

The formation of this joint venture marks a strategic alignment between Energy Transfer LP and Sunoco LP, leveraging their respective strengths in crude oil and produced water gathering operations in the Permian Basin. With Energy Transfer’s extensive operational expertise and Sunoco’s valuable assets, the combined entity is poised to enhance operational efficiencies and create significant value for both partnerships.

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Is Apache Corp a good investment

Scotiabank reaffirmed its Sector Perform rating on Apache Corp (NASDAQ) with a price target of $30.00 after reviewing Apache’s latest quarterly information. Apache’s adjusted EPS and CFPS are projected at $0.93 and $2.99, respectively. The company reported higher-than-expected dry hole expenses and favorable outcomes in Egypt, with tax barrels surpassing…

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Devon Energy Becomes Fourth-Largest Williston Producer with $5 Billion Acquisition of Grayson Mill Energy

Devon Energy has acquired Grayson Mill Energy from EnCap Investments for $5 billion in cash and stock, becoming the fourth-largest producer in the Williston Basin. This acquisition marks Devon’s first significant move in the current consolidation cycle, emphasizing a conservative M&A strategy that values existing production over undeveloped inventory.

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