Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Summit Investments Plans Bakken Oil and Water Pipeline Expansion

Don't Miss Out —
Follow us on:

June 25 (Bloomberg) -- Summit Investments, as closely held Summit Midstream Partners LLC is known, will spend $60 million to build an additional 145 miles (233 kilometers) of pipelines in the Bakken oil-shale region, the company said in a statement today.

The expansion, part of the Divide system, is in addition to about $200 million in capital spending planned for 2013. The project’s broadening comes after Summit said May 17 it would construct the Polar crude oil and water-gathering system for Bakken in Williams County, North Dakota.

Summit on June 5 announced $460 million in acquisitions in the Bakken and Marcellus fields as it plans to nearly double the amount of gas it gathers there.

To contact the reporter on this story: Rachel Layne in Boston at rlayne@bloomberg.net

To contact the editor responsible for this story: Joanna Ossinger at jossinger@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.