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Permian’s Newest Gusher Creating Wave of Investments

The gusher of crude from the Permian Basin has spurred new investments from refinery and pipeline companies trying to take advantage of low prices caused by rising supplies.

Delek US Holdings Inc. expects to expand its refinery in Tyler, Texas, by 25 percent in early 2015, and Sunoco Logistics Partners LP asked shippers if they wanted to commit to a new pipeline to carry West Texas oil across the state and into southern Louisiana.