MPLX Acquires Utica Shale Assets From Summit Midstream Partners [Yahoo! Finance]
Summit Midstream Partners, LP Common Units Representing Limited Partner Interests (SMLP)
Last summit midstream partners, lp common units representing limited partner interests earnings: 2/28 06:55 am
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Source: Yahoo! Finance
The strategic acquisition includes nearly 36% of Summit Midstream Utica's stake in Ohio Gathering (“OGC”), around 38% in Ohio Condensate (“OCC”) and Summit Midstream Partners' wholly-owned assets in the Utica Shale. Located in southeastern Ohio, particularly across Belmont and Monroe counties, the Summit Utica natural gas gathering system is a key component of this deal. It plays a crucial role in supporting producers targeting the dry-gas reserves of the Utica and Point Pleasant shale formations. The Summit Utica system specializes in the gathering and delivery of natural gas, primarily under long-term, fee-based gathering agreements that include acreage dedications. The transaction also encompasses OGC and OCC, collectively known as Ohio Gathering, which features a natural gas gathering system and a condensate stabilization plant in the Utica Shale. This system is crucial for a range of producers operating across the condensate, liquids-rich and dry-gas windows of the Utica Sha
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News
- Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 20Acquire Media Monitor
- Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 20PR Newswire
- Summit Midstream Partners: The Market Has Yet To Understand Its Recent Success [Seeking Alpha]Seeking Alpha
- Double E Pipeline Announces Open Season for Available Capacity [Yahoo! Finance]Yahoo! Finance
- Double E Pipeline Announces Open Season for Available CapacityPR Newswire
SMLP
Sec Filings
- 4/18/24 - Form 4
- 4/9/24 - Form DEF
- 3/28/24 - Form 8-K/A
- SMLP's page on the SEC website