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Last $17.30 USD
Change Today -0.08 / -0.46%
Volume 188.7K
SMLP On Other Exchanges
New York
As of 8:04 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

summit midstream partners lp (SMLP) Snapshot

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52 Week High
10/22/14 - $49.78
52 Week Low
09/30/15 - $14.60
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summit midstream partners lp (SMLP) Details

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations, in North America. The company provides natural gas gathering, treating, and processing services. It operates in four unconventional resource basins, including the Appalachian Basin, which comprises the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; and the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah. The company serves crude oil and natural gas producers. As of December 31, 2014, it had approximately 2,300 miles of pipeline and 250,000 horsepower of compression. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is headquartered in The Woodlands, Texas.

Founded in 2009

summit midstream partners lp (SMLP) Top Compensated Officers

Chief Executive Officer of Summit Midstream G...
Total Annual Compensation: $237.5K
Chief Commercial Officer of Summit Midstream ...
Total Annual Compensation: $227.5K
Chief Compliance Officer of Summit Midstream ...
Total Annual Compensation: $213.5K
Compensation as of Fiscal Year 2014.

summit midstream partners lp (SMLP) Key Developments

Energy Capital Reportedly Seeks Buyers For Stake In Summit Midstream

Energy Capital Partners is seeking buyers for its interest in Summit Midstream Partners LP, a deal that would include a minority stake in Summit Midstream Partners, LP (NYSE:SMLP) as well as ownership of its general partner, according to people familiar with the matter. The sale would also include some oil and gas gathering and processing operations in North Dakota, Colorado and Ohio owned by an affiliate of Summit Midstream, said the people, who asked not to be identified because the matter is private. Energy Capital is working with Barclays Plc to find a buyer for the assets, which could fetch at least $2 billion, one person said. If offers are too low, the firm may also consider taking the assets public. Such a listing would resemble Tallgrass Energy Partners LP’s initial public offering earlier this year of affiliate Tallgrass Energy GP, the people said. A spokesman for Barclays declined to comment. Representatives for Summit Midstream and Energy Capital didn’t respond to requests for comment.

Summit Midstream Announces Departure of Rene Casadaban as Chief Operating Officer, Effective September 30, 2015

Summit Midstream Partners, LP announced that its Chief Operating Officer, Rene Casadaban, will be leaving the company to pursue other interests. Casadaban will continue his employment with the company until September 30, 2015 to help transition his duties.

Energy Transfer Reportedly To Buy Stake In Eureka Hunter

Energy Transfer Equity, L.P. (NYSE:ETE) is making a bid to acquire a stake of Magnum Hunter Resources Corp. (NYSE:MHR) in Eureka Hunter Pipeline, LLC, Bloomberg reports citing people with knowledge of the matter. Magnum Hunter began working with Bank of Montreal to auction off its stake in Eureka after Energy Transfer made an unsolicited offer for the assets earlier this year. Magnum Hunter has since reached out to Crestwood Midstream Partners LP (NYSE:CMLP) and Summit Midstream Partners, LP (NYSE:SMLP) to gauge their interest in Eureka, said the people familiar with the matter, who asked not to be identified because the information is private. Magnum Hunter began working with the Bank of Montreal (TSX:BMO) to auction its stake in Eureka Hunter after Energy Transfer made an unsolicited offer for the assets earlier this year.


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