Summit Midstream Partners LP (SMLP.N) Company Profile | Reuters.com
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Profile: Summit Midstream Partners LP (SMLP.N)

SMLP.N on New York Stock Exchange

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28 Jun 2016
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Summit Midstream Partners, LP, incorporated on May 1, 2012, is a limited partnership focused on developing, owning and operating midstream energy infrastructure assets. The Company's assets are located in the producing areas of unconventional resource basins, primarily shale formations, in North America. It provides natural gas gathering, treating and processing services pursuant to long-term and natural gas gathering and processing agreements with its customers and counterparties. The Company's segments include the Marcellus Shale, which is served by Mountaineer Midstream; the Williston Basin, which is served by Bison Midstream; the Barnett Shale, which is served by DFW Midstream; the Piceance Basin, which is served by Grand River, and Corporate.

The Company operates in approximately four unconventional resource basins, including the Appalachian Basin, which consists of the Marcellus Shale formation in northern West Virginia; the Williston Basin, which consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which consists of the Barnett Shale formation in north-central Texas, and the Piceance Basin, which consists of the Mesaverde formation and the Mancos and Niobrara shale formations in western Colorado and eastern Utah. It contracts with producers to gather natural gas from pad sites, wells and central receipt points connected to its systems. The Company's midstream assets consist of gathering systems, such as Mountaineer Midstream in northern West Virginia; Bison Midstream in northwestern North Dakota; Polar and Divide in northwestern North Dakota; DFW Midstream in north-central Texas, and Grand River in western Colorado and eastern Utah.

Mountaineer Midstream

The Mountaineer Midstream system provides midstream services for the Marcellus Shale segment. Mountaineer Midstream consists of high-pressure natural gas gathering pipelines and compression assets located in the liquids-rich window of the Marcellus Shale Play. The Mountaineer Midstream system operates in the Appalachian Basin, which gathers natural gas under a long-term contract with Antero Resources Corp. (Antero). The Mountaineer Midstream system consists of high-pressure natural gas gathering pipelines ranging from 8 inches to 20 inches in diameter and approximately two compressor stations. This gas gathering and compression system serves as an inlet to MarkWest Energy Partners, L.P.'s (MarkWest's) Sherwood Processing Complex, a destination for liquids natural gas in northern West Virginia.

Bison Midstream

The Bison Midstream system provides the Company's associated natural gas midstream services for the Williston Basin segment. The Bison Midstream consists of natural gas gathering pipeline, dehydration and compression assets in the Williston Basin in northwestern North Dakota. The Bison Midstream, which is located in Mountrail and Burke counties in northwestern North Dakota, consists of low- and high-pressure pipeline and over six compressor stations and includes gathering lines ranging from 3 inches to 10 inches in diameter. The Bison Midstream system gathers, compresses and treats associated natural gas that exists in the crude oil stream produced from the Bakken and Three Forks shale formations targeted for crude oil production and producer drilling decisions. Its gas gathering agreements for the Bison Midstream system are long-term contracts ranging from 5 years to 15 years. Natural gas gathered on the Bison Midstream system is delivered to Aux Sable Midstream LLC's Palermo Conditioning Plant in Palermo, North Dakota and then delivered to its 2.1 billion cubic feet per day natural gas processing plant in Channahon, Illinois.

Polar and Divide

The Polar and Divide system provides the Company's crude oil and produced water midstream services for the Williston Basin segment. Polar and Divide, which is located in Williams and Divide counties in northwestern North Dakota, owns, operates, and is engaged in developing crude oil and produced water gathering systems and transmission pipelines serving the Bakken and Three Forks shale formations. The crude oil that is gathered by Polar and Divide is delivered to Crestwood Equity Partners LP's COLT Hub rail facility in Epping, North Dakota and produced water is delivered to third-party disposal facilities located throughout the Williston Basin.

DFW Midstream

The DFW Midstream system provides the Company's midstream services for the Barnett Shale segment. The DFW Midstream is primarily located in southeastern Tarrant County, in north-central Texas. Southeastern Tarrant County is commonly referred to as the core of the Barnett Shale. The DFW Midstream system includes gathering lines ranging from 4 inches to 30 inches in diameter and is located along existing electric transmission corridors and under both private and public property. It has approximately six primary interconnections with third-party intrastate pipelines. These interconnections enable it to connect its customers, directly or indirectly, with natural gas market hubs of Waha, Carthage, and Katy in Texas, and Perryville and Henry Hub in Louisiana.

Grand River

The Grand River system provides midstream services for the Piceance Basin segment. The Company's Grand River operation consists of natural gas gathering pipeline, dehydration and compression assets in the Piceance Basin in western Colorado. These assets gather natural gas from the Mesaverde formation and the Mancos and Niobrara shale formations located within the Piceance Basin in western Colorado. The assets gather and process natural gas from the Mesaverde formation and the Mancos and Niobrara shale formations located within the Piceance Basin in western Colorado and eastern Utah. They are located in Rio Blanco and Mesa counties in Colorado and Uintah and Grand counties in Utah. Natural gas gathered and/or processed on the Grand River system is compressed, dehydrated, processed and/or discharged to downstream pipelines serving Enterprise's Meeker Natural Gas Processing Plant; Williams Partners L.P.'s Northwest Pipeline system, and Kinder Morgan, Inc.'s TransColorado Pipeline system. The Grand River system is a low-pressure gathering system designed to gather natural gas produced from directional wells targeting the liquids Mesaverde formation.

Company Address

Summit Midstream Partners LP

1790 Hughes Landing Blvd Ste 500
THE WOODLANDS   TX   77380-1693
P: +1832.4134770
F: +1800.9894671

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