The 67-mile pipeline from Panther Gas Plant to Waha Hub recently approved by the Texas Railroad Commission (RRC) is a major component of ET’s expansion strategy.

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.

Last week Energy Transfer was approved to add 10 miles new pipeline to its South Texas gathering system. Permit T00541 is now 1260 miles.

The company’s adjusted EBITDA for the three months ended Dec. 31, 2023, was $3.60 billion, versus $3.44 billion for the same period last year. Energy Transfer expects its 2024 adjusted EBITDA to range between $14.5 billion and $14.8 billion, the midpoint of which would be a 7% increase from 2023.

Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion