THE WOODLANDS, Texas,
Dec. 10, 2018 /PRNewswire/
-- Summit Midstream Partners, LP ("SMLP") announced today that
Matthew Harrison, the Executive Vice
President and Chief Financial Officer of Summit Midstream Partners,
LLC ("Summit Investments") and Summit Midstream GP, LLC
(collectively with Summit Investments, the "Company"), will be
departing the Company to pursue other interests. Summit
Midstream GP, LLC, which is owned by Summit Investments, manages
and operates SMLP. Mr. Harrison's employment with the Company
will terminate effective January 4,
2019.
Summit Investments announced that it is promoting Marc Stratton to Executive Vice President and
Chief Financial Officer of the Company, effective
immediately. Mr. Stratton joined Summit Investments as a
founding member in 2009, and has held various senior management
roles at the Company including, since 2015, Senior Vice President
of Finance, Treasurer and Head of Investor Relations.
Summit Investments is also promoting Blake Motley, currently Director of Strategy, to
Vice President of Strategy and Head of Investor Relations, and
William (Bill) Mault, currently
Director of Finance, to Vice President of Finance and
Treasurer. Mr. Motley's and Mr. Mault's promotion is
effective immediately. Mr. Motley has been with the Company
since 2011 and Mr. Mault has been with the Company since
2016.
Steve Newby, President and Chief
Executive Officer of SMLP commented, "On behalf of the Board and
all of Summit's employees, I would like to thank Matt for his
service and significant contributions to the Summit family of
companies since 2011, and I wish him continued success in his
future endeavors.
"I am encouraged by our deep bench of management talent and
their ability to immediately add value and contribute to Summit's
future growth plans and objectives. Marc has been an
instrumental member of Summit's senior management team since its
inception in 2009. He is a dynamic leader and a thoughtful
executive and he has been directly involved in the development,
financing and strategic growth of Summit since our founding.
I look forward to working more closely with Marc, Blake and Bill in
their new capacities as we continue our efforts to add value for
our unitholders."
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 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