Potter Anderson Advises Conflicts Committee of Energy Transfer in Permian Basin Joint Venture with Sunoco

Energy Transfer LP, owner and operator of one of the largest and most diversified portfolios of energy assets in the United States, announced the formation of a joint venture with Sunoco LP which combines the companies’ respective crude oil and produced water gathering assets in the Permian Basin.

The joint venture will operate more than 5,000 miles of crude oil and water gathering pipelines with crude oil storage capacity in excess of 11 million barrels. Energy Transfer will hold a 67.5% interest in the joint venture with Sunoco holding a 32.5% interest.

Potter Anderson & Corroon LLP acted as counsel for Energy Transfer’s conflicts committee. The team included partners Mark Morton and Alyssa Ronan and associates Garrett Lyons and Blake Lawrence.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.