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Summit Midstream acquires assets in Bakken, Marcellus for $460 mln
June 5, 2013 / 11:06 AM / 4 years ago

Summit Midstream acquires assets in Bakken, Marcellus for $460 mln

June 5 (Reuters) - Summit Midstream Partners LP, a provider of natural gas gathering compression services, said it bought assets in the Bakken and Marcellus shale regions for $460 million.

The company also raised its full-year pre-tax earnings forecast to a range of $140 million to $150 million, from $115 million to $125 million.

Summit Midstream acquired a natural gas gathering system in the Bakken shale from Summit Investments for $250 million.

The company bought a high-pressure natural gas gathering system in the liquids-rich Marcellus shale from an affiliate of MarkWest Energy Partners LP for $210 million.

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