Coming Soon (Again) To The Big Board: Sunoco

English: Sunoco Logo (Photo credit: Wikipedia)

Sunoco’s storied name, absent from the New York Stock Exchange since the Philadelphia company was acquired by a Dallas energy firm in 2012, will return to the Big Board this year.

Energy Transfer Partners L.P. (ETP), a Dallas pipeline company that became Sunoco Inc.’s parent company two years ago, announced Thursday night that it will give its recently acquired Texas convenience-store company, Susser Petroleum Partners, a new name that is kind of an old one – Sunoco L.P.

The new Sunoco L.P., which will trade under the ticker symbol SUN, will eventually become the corporate umbrella for ETP’s growing portfolio of fuel stations and convenience stores, including Sunoco Inc. ETP had said it intended to drop its retail assets into the Susser partnership when it announced the $1.8 billion acquisition in April.

Read more at http://www.philly.com/philly/business/20140927_Coming_soon__again__to_the_Big_Board__Sunoco.html#D5YWhWdiMwxH7yS5.99

Pennsylvania’s Natural Gas Production Up 60 Percent

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Pennsylvania’s new growth industry, natural gas from the Marcellus Shale formation, has started to take off in a big way.  Figures show production was 60 percent higher for the first six months of 2011 than is was for the last six months of 2010.

Bradford, Susquehanna and Tioga Counties were responsible for over half of the state’s natural gas production.  So far this year, production in Pennsylvania has topped 400 billion cubic feet of natural gas.  There are over 1600 wells tapping the Marcellus Shale gas reserves in Pennsylvania.

The gas industry is not without controversy, despite the economic impact it brings.  Issues with ground water contamination and taxation rage on.