Energy Transfer LP and Sunoco LP have formed a partnership that will operate more than 5,000 miles of crude oil and water gathering pipelines in the Permian Basin with crude oil storage capacity in excess of 11 MMbbl.
Energy Transfer's deal adds approximately 6,000 miles of complementary gas gathering pipelines from WTG Midstream Holdings, extending Energy Transfer’s reach into the Midland Basin.
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
The ADCC Pipeline will source volumes from the Permian Basin, Eagle Ford Shale and Texas Gulf Coast for transport to Cheniere’s Corpus Christi LNG facility.
The lawsuit, involving crude transport via railway in the Uinta Basin, is part of a larger intragovernmental fight that could have implications for how FERC decides pipeline and LNG plant permitting.
Williams and Energy Transfer, at loggerheads over pipeline rights of way, are also awaiting a FERC ruling over the Louisiana Gateway Project.
Williams Cos. plans to finish the $91.8M Transcontinental Gas Pipeline project in early 2025.
Kinder Morgan has requested a tariff for natural gas delivery to the new Plaquemines LNG facility.
Summit Carbon Solutions still needs approval from four other states for its CO2 transport pipeline.
NGL production in Texas is following a growth trend as it recovers from COVID-19, and the BANGL Pipeline's joint venture partners want in.