Thursday, Sunoco Logistics Partners L.P. (SXL) said it completed the acquisition of Excel Pipeline LLC, the owner of the 52-mile crude oil Excel pipeline, from affiliates of Gary-Williams Energy Corp.
In connection with the transaction, Gary-Williams entered into a 20-year Throughput and Deficiency Agreement and it is expected to be immediately accretive, the company stated.
The Excel Pipeline system originates in Duncan, OK and delivers crude oil to Gary-Williams' Wynnewood, OK refinery. The Partnership has operated the pipeline for Gary-Williams since 2007, Sunoco Logistics noted.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.