THE WOODLANDS, Texas,
Sept. 14, 2018 /PRNewswire/
-- Summit Midstream Partners, LP (NYSE: SMLP) announced today
that its subsidiary, Summit Permian Transmission, LLC (collectively
with SMLP, "Summit"), is extending its binding open season ("Open
Season") for firm transportation capacity on the Double E Pipeline
(referred to herein as "Double E" or the "Project"). The Open
Season, which was originally scheduled to end at 4:00 p.m. CDT on
Friday, September 14, 2018, has been
extended to 4:00 p.m. CDT on
September 28, 2018.
Prospective shippers have shown a high level of interest in
Double E, and Summit is extending the Open Season to accommodate
the needs of certain prospective shippers.
As previously announced, Double E will provide natural gas
transportation service from the northern Delaware Basin to the Waha Hub in northern
Pecos County, Texas, servicing
various receipt points in Eddy and
Lea counties in New Mexico and Loving, Ward,
Reeves and Pecos counties in Texas. The Project will have multiple
direct downstream connections, based on shipper demand and
preferences. Additional receipt laterals and extensions are
being contemplated.
Parties interested in obtaining firm transportation service on
Double E are invited to submit binding bids for such capacity
during this extension of the Open Season.
Additional information regarding the Project is available at
www.doubleepipeline.com.
About Summit Midstream Partners, LP
SMLP is a growth-oriented limited partnership focused on
developing, owning and operating midstream energy infrastructure
assets that are strategically located in the core producing areas
of 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 five unconventional
resource basins: (i) the Appalachian Basin, which includes the
Marcellus and Utica shale
formations in West Virginia and
Ohio; (ii) the Williston Basin, which includes the Bakken and
Three Forks shale formations in North
Dakota; (iii) the Fort
Worth Basin, which includes the Barnett Shale formation in
Texas; (iv) the Piceance Basin,
which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in
Colorado and Utah; and (v) the Denver-Julesburg Basin,
which includes the Niobrara and Codell shale formations in
Colorado and Wyoming. SMLP
is in the process of developing new gathering and processing
infrastructure in a sixth basin, the Delaware Basin, in New Mexico. SMLP also
owns substantially all of a 40% ownership interest in Ohio
Gathering, which is developing natural gas gathering and condensate
stabilization infrastructure in the Utica Shale in Ohio. SMLP is headquartered in The Woodlands, Texas, with regional corporate
offices in Denver, Colorado,
Atlanta, Georgia, Pittsburgh, Pennsylvania and Dallas, Texas.
About Summit Midstream Partners, LLC
Summit Midstream Partners, LLC ("Summit Investments") beneficially
owns a 35.2% limited partner interest in SMLP and indirectly owns
and controls the general partner of SMLP, Summit Midstream GP, LLC,
which has sole responsibility for conducting the business and
managing the operations of SMLP. Summit Investments is a privately
held company controlled by Energy Capital Partners II, LLC, and
certain of its affiliates. An affiliate of Energy Capital Partners
II, LLC directly owns an 8.1% limited partner interest in SMLP.
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
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 2017 Annual Report on Form 10-K filed with the
Securities and Exchange Commission on February 26, 2018, and 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