HOUSTON, Texas, Nov. 18, 2021 /PRNewswire/ -- Summit
Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced
today that Double E Pipeline, LLC ("Double E"), a joint venture in
which SMLP owns a 70% equity interest and serves as operator, has
commenced operations. Double E is a 135 mile FERC-regulated
natural gas pipeline that provides natural gas transportation
services from southeast New Mexico
and west Texas to downstream
pipeline interconnections in the Waha Hub region.
Heath Deneke, President, Chief
Executive Officer and Chairman, commented, "I'm extremely proud of
and grateful for our Double E project team members and joint
venture partner, who have all dedicated countless hours over the
past four years to ensure that Double E was completed safely, on
schedule, under budget and in an environmentally and socially
responsible manner. Double E provides 1.35 billion cubic feet
per day of residue gas transportation capacity to producers,
processors and other prospective shippers in a capacity constrained
region of New Mexico, where 80
rigs are currently operating, up from 45 rigs in 3Q 2020. Our
investment in Double E drives a tremendous amount of value uplift
for the Partnership going forward and we are excited to bring this
critical residue gas outlet online to debottleneck growing natural
gas production in the northern Delaware Basin."
For commercial inquiries about securing capacity on Double E,
please contact Paul Passino at (832)
930-7519 or paul.passino@summitmidstream.com.
About Summit Midstream Partners, LP
SMLP is a value-driven limited partnership focused on
developing, owning and operating midstream energy infrastructure
assets that are strategically located in unconventional resource
basins, primarily shale formations, in the continental United
States. SMLP provides natural gas, crude oil and produced
water gathering services pursuant to primarily long-term and
fee-based gathering and processing agreements with customers and
counterparties in six unconventional resource basins: (i) the
Appalachian Basin, which includes the Utica and Marcellus shale formations in
Ohio and West Virginia; (ii) the Williston Basin, which includes the Bakken and
Three Forks shale formations in North
Dakota; (iii) the Denver-Julesburg Basin, which includes the
Niobrara and Codell shale
formations in Colorado and
Wyoming; (iv) the Permian Basin,
which includes the Bone Spring and Wolfcamp formations in
New Mexico; (v) the Fort Worth Basin, which includes the Barnett
Shale formation in Texas; and (vi)
the Piceance Basin, which includes the Mesaverde formation as well
as the Mancos and Niobrara shale formations in Colorado.
SMLP has an equity investment in Double E Pipeline, LLC, which
provides natural gas transportation service from multiple receipt
points in the Delaware Basin to
various delivery points in and around the Waha Hub in Texas.
SMLP also has an equity investment in Ohio Gathering, which
operates extensive natural gas gathering and condensate
stabilization infrastructure in the Utica Shale in Ohio. SMLP
is headquartered in Houston,
Texas.
Forward-Looking Statements
This press release includes certain statements concerning
expectations for the future that are forward-looking within the
meaning of the federal securities laws. Forward-looking
statements include, without limitation, any statement that may
project, indicate or imply future results, events, performance or
achievements and may contain the words "expect," "intend," "plan,"
"anticipate," "estimate," "believe," "will be," "will continue,"
"will likely result," and similar expressions, or future
conditional verbs such as "may," "will," "should," "would," and
"could." Forward-looking statements also contain known and
unknown risks and uncertainties (many of which are difficult to
predict and beyond management's control) that may cause SMLP's
actual results in future periods to differ materially from
anticipated or projected results. An extensive list of
specific material risks and uncertainties affecting SMLP is
contained in its 2020 Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March
4, 2021, as amended and updated from time to time. Any
forward-looking statements in this press release, are made as of
the date of this press release and SMLP undertakes no obligation to
update or revise any forward-looking statements to reflect new
information or events.
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SOURCE Summit Midstream Partners, LP