General Partner of Summit Midstream Partners, LP Announces Development of New
Bakken Shale Crude Oil Pipeline Interconnect & Storage Assets
DALLAS, July 29, 2014
DALLAS, July 29, 2014 /PRNewswire/ -- Summit Midstream Partners, LLC ("Summit
Investments"), the privately held company that owns and controls the general
partner of Summit Midstream Partners, LP (NYSE: SMLP) and also owns a 56.7%
limited partner interest in SMLP, today provided a commercial update for its
wholly owned operating subsidiaries, Meadowlark Midstream Company, LLC
("Meadowlark") and Epping Transmission Company, LLC ("Epping Transco").
Meadowlark is composed of the Divide Crude Oil & Water Gathering System (the
"Divide System") and the Polar Crude Oil & Water Gathering System (the "Polar
System"), both of which are located in the Bakken Shale Play in North Dakota,
and the Niobrara Gathering & Processing System which is located in the
Denver-Julesburg Basin in Weld County, CO. Epping Transco is a newly formed
subsidiary that will own and operate the Little Muddy Interconnect, described
Summit Midstream Partners Logo
Epping Transco announced today that it has reached an agreement with North
Dakota Pipeline Company LLC, an affiliate of Enbridge Energy Partners, L.P.
("Enbridge"), on a new crude oil interconnect agreement pursuant to which
Epping Transco will interconnect with and deliver certain of the crude oil
gathered on Meadowlark's Polar and Divide systems into Enbridge's North Dakota
System (the "Little Muddy Interconnect"). The Little Muddy Interconnect will
provide customers on the Polar and Divide systems with increased optionality
in accessing downstream markets with up to 55,000 barrels per day ("BPD") of
incremental pipeline throughput capacity.
In connection with the Little Muddy Interconnect and the Basin Transload
interconnect announced in June 2014, Meadowlark will expand its Epping Crude
Oil Storage Facility ("Epping Storage") and Divide Crude Oil Storage Facility
("Divide Storage"), to offer additional crude oil storage services to its
customers. Epping Storage will receive crude oil from the Polar and Divide
systems and will also include a truck unloading rack. Divide Storage will
receive crude oil from the Divide System and will also include a multi-bay
truck unloading rack. Epping Storage and Divide Storage will each have 75,000
barrels of crude oil storage capacity, initially, and both facilities will
have the ability to accommodate additional crude oil storage tanks for future
potential expansions. Both facilities are expected to be in service in the
third quarter of 2015. Customers of Epping Storage will have the option to
access the COLT Hub rail terminal or Enbridge's North Dakota Pipeline System.
Customers of Divide Storage will have the option to access the COLT Hub rail
terminal, Basin Transload's Columbus rail terminal, or Enbridge's North Dakota
System (through Epping Storage).
Steve Newby, President and CEO of Summit Investments commented, "Our
commercial team continues to find ways to enhance both the operating
capability of our Bakken crude oil gathering systems and our service offerings
for our customers. With today's announcement, we add another delivery outlet
for our Bakken customers to utilize, which provides them with improved
reliability and greater flexibility to access the most favorable crude oil
markets and optimize returns."
"I am also excited to announce that we are enhancing our service offering in
the basin by developing new crude oil storage capacity at our Epping and
Divide locations. These projects add another level of service that we can
offer to our customers to facilitate their drilling programs, provide storage
capacity, and ensure access to multiple crude oil markets."
About Summit Midstream Partners, LLC
Summit Midstream Partners, LLC ("Summit Investments") indirectly owns a 56.7%
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 owns, operates and is developing various crude oil, associated
natural gas, and water-related midstream energy infrastructure assets in the
Bakken Shale in North Dakota and in the DJ Niobrara Shale in Colorado. Summit
Investments is also developing natural gas gathering and condensate
stabilization infrastructure in the Utica Shale in southeastern Ohio under a
joint venture agreement with affiliates of MarkWest Energy Partners, L.P. and
The Energy & Minerals Group. Summit Investments is a privately held company
owned by members of management, funds controlled by Energy Capital Partners
II, LLC, and certain of its affiliates.
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SOURCE Summit Midstream Partners, LLC
Contact: Marc Stratton, Vice President and Treasurer, 214-242-1966,
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