U.S. oil and gas producer EP Energy Corp and refiner Tesoro Corp on Wednesday announced a joint venture to drill 60 wells in the Uinta basin in Utah. Tesoro will buy all the oil produced from the wells and provide capital for a 50 percent stake in EP Energy's working interest in the wells. The companies also signed a multi-year crude oil supply agreement for yellow and black waxy crude oil to supply Tesoro's Salt Lake City refinery.
With OPEC heading to Vienna to discuss the extension of its production cut deal, one country may stand to threaten any agreement made in the meeting
Q1 2007 Berry Petroleum Company Earnings Conference Call