Energy Capital Partners

Summit Midstream Partners

In September 2009, ECP formed Summit Midstream Partners to take advantage of the domestic growth opportunities in the midstream oil and gas industry resulting from the proliferation of unconventional shale production. On September 27, 2012, Summit Midstream Partners, LP priced an Initial Public Offering on the NYSE under the ticker symbol “SMLP.”

Summit Midstream operates natural gas, crude oil and produced water gathering systems in five unconventional resource basins: the Marcellus, Utica, Bakken, Barnett, and Piceance. In addition, SMLP is in the process of developing new gathering and processing infrastructure in a sixth basin, the Delaware Basin, in New Mexico.

The company generates a substantial portion of its revenue under primarily long-term and fee-based gathering agreements with its customers, including those underpinned by minimum volume commitments.

May 18, 2015

Summit Midstream Partners, LP Announces Simultaneous Closing of $255.0 Million Polar & Divide Drop Down and $35.0 Million Stampede Lateral Option

Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned subsidiary, Bison Midstream, LLC (“Bison Midstream”), has closed its previously announced acquisition of 100% of the equity interests of certain subsidiaries of Summit Midstream Partners, LLC (“Summit Investments”) for total cash consideration of $255.0 million, subject to customary purchase price adjustments (the “Acquisition”).

Sep 04, 2014

Summit Midstream Partners, LP Announces Upsizing and Pricing of Secondary Public Offering of Common Units by Summit Midstream Partners Holdings, LLC

Summit Midstream Partners, LP (NYSE: SMLP) today announced the pricing of an underwritten public offering of 4,347,826 common units representing limited partner interests owned by Summit Midstream Partners Holdings, LLC (“SMP Holdings”), a wholly owned direct subsidiary of SMLP’s sponsor, Summit Midstream Partners, LLC, at a public offering price of $53.88 per common unit.

Jun 02, 2014

General Partner of Summit Midstream Partners, LP Exercises Option to Acquire 40.0% Interest in Ohio Gathering Joint Venture With MarkWest Utica EMG in Utica Shale

Summit Midstream Partners, LLC (“Summit Investments”), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP), and MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest”) announced today that a subsidiary of Summit Investments has exercised its option to acquire a 40.0% equity interest in Ohio Gathering Company, L.L.C. and Ohio Condensate Company, L.L.C. (together, “Ohio Gathering”) from affiliates of MarkWest and The Energy & Minerals Group (“EMG”).

Feb 19, 2013

Summit Midstream Partners, LLC Announces Closing of Bear Tracker Acquisition

Summit Midstream Partners, LLC (“Summit Investments”) 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.

Jan 09, 2013

Summit Midstream Partners, LLC to Acquire Bakken & Niobrara Shale Focused Midstream Operator, Bear Tracker Energy, LLC

Summit Midstream Partners, LLC (“Summit Investments”) announced today that it has executed a definitive agreement with affiliates of GSO Capital Partners LP and Bear Tracker Investments, LLC to acquire 100% of the equity interests of Bear Tracker Energy, LLC (“Bear Tracker”) for $513 million. Bear Tracker is a privately held midstream energy company with assets currently in service and under development in the Williston Basin in North Dakota, which includes the Bakken shale and Three Forks formation, and in the Denver-Julesburg (“DJ”) Basin in Colorado, which includes the Niobrara shale.

Oct 23, 2012

Summit Midstream Partners, LLC Announces Closing of Canyon Acquisition, Creation of Red Rock Gathering Company, LLC and New Rockies Development Projects

Summit Midstream Partners, LLC (“Summit Investments”) announced today that it has closed the $207 million acquisition of ETC Canyon Pipeline, LLC (“Canyon”) from La Grange Acquisition, L.P., a wholly-owned subsidiary of Energy Transfer Partners, L.P.

Sep 27, 2012

Summit Midstream Partners, LP Prices Initial Public Offering

Summit Midstream Partners, LP (the “Partnership”), a Delaware limited partnership, announced today the pricing of its initial public offering of 12,500,000 common units at $20.00 per unit.

Sep 20, 2012

Summit Midstream Partners, LP Launches Initial Public Offering

Summit Midstream Partners, LP (the “Partnership”), a Delaware limited partnership, announced today that it has commenced an initial public offering of 12,500,000 common units representing limited partner interests in the Partnership pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”).

Sep 14, 2012

Summit Midstream Announces Acquisition of Midstream Assets in Piceance & Uinta Basins

Summit Midstream Partners, LLC (“Summit”) announced today that it has entered into an agreement with La Grange Acquisition, L.P., a wholly owned subsidiary of Energy Transfer Partners, L.P., to acquire ETC Canyon Pipeline, LLC (“Canyon”) for $207 million.

May 08, 2012

Summit Midstream Announces $265 Million Increase to Credit Facility

Summit Midstream Partners, LLC (“Summit”), today announced that its wholly-owned subsidiary, Summit Midstream Holdings, LLC, has closed on a $265 million increase to, and amendment and restatement of, its revolving credit facility. This transaction raises total borrowing capacity to $550 million and provides additional financial flexibility during the remaining four-year term of the facility.

Oct 10, 2011

Summit Midstream to Acquire Piceance Basin Midstream Assets from Encana

Summit Midstream Partners, LLC (“Summit”) announced today that it recently entered into a purchase and sale agreement with Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation (“Encana”) (TSX,NYSE: ECA), to acquire natural gas midstream assets located in the Piceance Basin for $590 million.

May 31, 2011

Summit Midstream Announces Closing of $285 Million Revolving Credit Facility

Summit Midstream Partners, LLC (“Summit”) announced today the closing of a $285 million senior secured revolving credit facility. The credit facility, which matures in May 2016, also contains an accordion provision that permits Summit to increase the total size of the facility by up to $150 million at any time prior to maturity.

Sep 09, 2009

Energy Capital Partners Forms Summit Midstream

Energy Capital Partners ("ECP") announced today the formation of Summit Midstream Partners LLC (“Summit”), a midstream energy company focused on acquiring and developing a portfolio of midstream energy infrastructure assets that are strategically located in traditional and emerging North American production basins and import centers.