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Energy Transfer and Sunoco Announce Strategic Permian Basin Crude Oil Joint Venture

Deals & Cases
July 18, 2024
Deals & Cases
July 18, 2024

Vinson & Elkins LLP represented Energy Transfer LP and Sunoco LP in the formation of a joint venture between the parties, combining their respective crude oil and produced water gatherings in the Permian Basin.

Energy Transfer LP will hold a 67.5% interest in the joint venture with Sunoco LP holding a 32.5% interest.

The Vinson & Elkins team was led by partners Lande Spottswood and Alex Robertson and senior associate John Sager, with assistance from associate Bennett Robinson. Other key Vinson & Elkins team members included partner Ryan Carney and associate Tyler Underwood, partners Ramey Layne and Jackson O’Maley and associates Walt Baker and Patience Li, partner Caitlin Turner, senior associate Frank George and associate Sara Johnson. Also advising were partner Paige Anderson and associates Quentin Manuel and Patrick Darby.

 

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