THE WOODLANDS, Texas,
Jan. 6, 2020 /PRNewswire/
-- Summit Midstream Partners, LP (NYSE: SMLP) announced today
that, effective March 1, 2020, it
will relocate its corporate headquarters from The Woodlands, Texas to downtown Houston, Texas. In addition to
relocating corporate teams from The
Woodlands, this move will also include a relocation of
Summit's Finance and Accounting functions currently located in
Atlanta, Georgia, where the
company was founded. This decision represents an opportunity to
enhance Summit's corporate culture and effectiveness by bringing
its employees together in a single location while significantly
reducing the cost associated with operating multiple corporate
office locations.
![Summit Midstream Partners Logo. (PRNewsFoto/Summit Midstream Partners) Summit Midstream Partners Logo. (PRNewsFoto/Summit Midstream Partners)](https://mma.prnewswire.com/media/74903/summit_midstream_partners_logo.jpg)
Heath Deneke, President and Chief
Executive Officer of SMLP, commented, "We are very pleased to have
the opportunity to consolidate our corporate headquarters to a
premier downtown Houston office
location that brings our employees closer to many of our customers,
vendors, lenders and investors. Our new office location
provides ample space to accommodate our current and future office
needs while broadening our access to a deep pool of experienced
energy professionals. In addition to the cultural and
organizational effectiveness gains, the move will also provide an
immediate and significant source of cost savings for SMLP going
forward."
The new headquarters will be located on the 41st and
42nd floors in One Shell Plaza, located at 910 Louisiana
Street.
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 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 and operates Double E Pipeline,
LLC, which is developing natural gas transmission infrastructure
that will provide 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 The Woodlands,
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
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 2018 Annual Report on Form 10-K filed with the
Securities and Exchange Commission on February 26, 2019, and as amended and updated
from time to time. Any forward-looking statements in this press
release, including forward-looking statements regarding 2019
financial guidance or financial or operating expectations for 2019,
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/summit-midstream-partners-lp-announces-relocation-of-corporate-headquarters-to-downtown-houston-texas-300981952.html
SOURCE Summit Midstream Partners, LP