Energy Transfer Executes Suite of Gathering, Processing, Transportation and Fractionation Agreements
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Energy Transfer has executed a suite of gathering, processing, transportation, and fractionation agreements with a large, investment grade integrated energy company. These agreements increase and extend long-term commitments between the energy company and Energy Transfer in the Eagle Ford and Delaware Basins through 2034 and 2040, respectively.
The energy company will benefit from Energy Transfer’s fully integrated gas gathering, processing and transportation systems as well as its extensive natural gas liquids transportation and fractionation assets. Energy Transfer’s system will provide flow assurance and reliability for the production from the approximately 255,000 net acres that the energy company has dedicated to Energy Transfer.
The execution of these agreements aligns with Energy Transfer’s focus on achieving long-term sustainable cash flow, via fixed-fee contracts, by increasing the utilization of existing assets and minimizing new capital expenditures.
About Energy Transfer
Energy Transfer owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, formerly known as Energy Transfer Partners, also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP, and the general partner interests and 39.7 million common units of USA Compression Partners, LP.
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