Midstream - Pipelines | Capital Markets | Private Equity Activity
Summit Plans Significant Additions to Bakken Infrastructure
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Summit Midstream Partners LLC, the privately held company that owns and controls the general partner of Summit Midstream Partners LP and also owns a 71.6% limited partner interest in SMLP, is planning a significant expansion of its Divide crude oil and water gathering system currently under construction in Williams and Divide counties in North Dakota.
In addition to the approximately 90 miles of crude gathering pipeline being constructed as part of the Divide system, Summit Investments will construct approximately 145 miles of new gathering pipeline capable of handling up to 45,000 barrels of crude oil and 45,000 barrels of water per day. The expansion is supported by the recent execution of a new, ten year, fee-based crude oil and water gathering agreement covering 250,000 dedicated…
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