EP Energy, Tesoro form drilling JV in Utah's Uinta basin
May 24 (Reuters) - 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. (Reporting by John Benny in Bengaluru; Editing by Sai Sachin Ravikumar)