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Pipeline operator Summit Midstream Partners on Monday launched a non-binding open season to gauge interest for services of a natural gas pipeline running from the Delaware Basin in New Mexico and Texas to the Waha hub in West Texas. The open season for the 135-mile Double E pipeline will run through April 29, the company said in a statement. The pipeline can move 386 million cubic feet per day (bcfd), and is jointly owned by Summit and Exxon Mobil, with Summit holding a 70% stake.
Double E Pipeline, LLC ("Double E") announced today the launch of a non-binding open season ("Open Season") to solicit expressions of interest for firm transportation service on its system. The Open Season will commence at 4:00 p.m. Central Time on Monday, April 1, 2024, and will end at 2:00 p.m. Central Time on Monday, April 29, 2024.
Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced that Summit Midstream Holdings, LLC ("Holdings") and Summit Midstream Finance Corp. (together with Holdings, the "Issuers"), which are subsidiaries of the Partnership, are commencing a cash tender offer (the "Excess Cash Flow Offer") to purchase up to $19,331,000 aggregate principal amount (the "Excess Cash Flow Offer Amount") of their outstanding 8.500% Senior Secured Second Lien Notes due 2026 (t
Since partnering with Summit in the Utica Shale in 2014, MPLX's acquisitions of OGC and OCC assets strengthen its regional foothold.
Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that its 2023 tax packages, including the Schedule K-1, are now available online and may be accessed at https://partnerdatalink.com/Summit. SMLP will also begin mailing the 2023 tax packages to unitholders this week.
MPLX is using its financial flexibility to make another acquisition.
Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash. The Marcellus and Utica shale, spread across Pennsylvania, West Virginia and Ohio, are among the regions where U.S. drillers have been cutting the number of gas rigs operating over the last year, according to data from energy service firm Baker Hughes. Summit Midstream, shares of which jumped about 16% before the bell, said the ...
Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today the sale of Summit Midstream Utica, LLC, which includes its approximately 36% interest in Ohio Gathering Company, LLC ("OGC"), approximately 38% interest in Ohio Condensate Company, LLC ("OCC", collectively with OGC, "Ohio Gathering") and wholly owned Utica assets (collectively, "Utica Position") to a subsidiary of MPLX LP ("MPLX") for $625 million in cash (the "Utica Divestiture").
Summit Midstream Partners, LP (NYSE:SMLP) Q4 2023 Earnings Call Transcript March 15, 2024 Summit Midstream Partners, LP isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and thank you for standing by. Welcome to the Fourth Quarter 2023 Summit […]
Q4 2023 Summit Midstream Partners LP Earnings Call