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Stock impact report

Summit Midstream Partners pleads guilty in largest U.S. inland spill from oil drilling [Reuters]

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 Check Earnings Report
Company Research Source: Reuters
WASHINGTON, Sept 22 (Reuters) - Pipeline operator Summit Midstream Partners (SMLP.N) pleaded guilty in federal court in Bismarck, North Dakota, on Wednesday to criminal water pollution charges stemming from what prosecutors call the largest-ever land-based spill from oil drilling. The company agreed to pay $36.3 million to settle the criminal charges, as well as parallel civil charges filed by the U.S. government and the state of North Dakota. The company acknowledged that it was criminally negligent when in August 2014, 29 million gallons (132 million liters) of produced water, a waste product from fracking, spilled from its pipeline near Williston, North Dakota, contaminating the groundwater as well as more than 30 miles (48.28 km) of tributaries of the Missouri River. Produced water caused by this method of drilling contained high concentrations of saline, as well as oil, radioactive substances and pollutants such as ammonia, aluminum and arsenic, among other things, prose Show less Read more
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