|This Slide: #89 of 100|
Slide #89. Summit Midstream Partners, LLC — Bear Tracker Energy, LLC
Summit Midstream Partners, LLC (NYSE:SMLP)
Bear Tracker Energy, LLC
Summit Midstream Partners, LLC announced today that it closed the previously announced acquisition of Bear Tracker Energy, LLC on February 15, 2013. Summit Investments owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP) as well as a 69.1% limited partner interest in SMLP. The acquisition was fully funded with an equity investment from Energy Capital Partners, the majority owner of Summit Investments. In conjunction with the closing, the acquired company has been renamed Meadowlark Midstream Company, LLC.
Summit Midstream Partners is engaged in developing, owning and operating midstream energy infrastructure assets that are located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental U.S. Co. is the owner-operator of or has ownership interests in the following gathering systems: Summit Midstream Utica, LLC, a natural gas gathering system operating in the Appalachian Basin; Polar Midstream, LLC and Epping Transmission Company, LLC, crude oil and produced water gathering systems and transmission pipelines located in the Williston Basin; and Tioga Midstream, LLC, crude oil, produced water and associated natural gas gathering systems.
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Hold (1.67 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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