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
Energy Transfer LP announced on Monday that it had acquired pipeline operator Lotus Midstream in a $1.45 billion cash-and-stock deal to boost its presence in the Permian Basin.
A 260-mile newbuild pipeline would extend eastward from the Midland sub-basin along existing rights-of-way, interconnecting with Energy Transfer’s existing 36-inch pipeline near Fort Worth, TX,
Energy Transfer LP and Oklahoma City-based Enable Midstream Partners, LP announced the completion of their merger
San Antonio based ETC Texas Pipeline, Ltd. was fined $1.3 million as part of a settlement agreement it reached with the New Mexico Environment Department over regulatory and permit violations at the company’s plant near Jal, New Mexico.
