One-Page Deal Sheet
Summit Ups Ante in Piceance/Uinta Midstream Capabilities
Summit Midstream Partners, Lp Energy Transfer Partners Lp
Announced Date
October 23,2012
Close Date
October 23,2012
Transaction Type
Corporate
Transaction Details: Require Private Equity Subscription
Summit Midstream Partners, LLC has closed the $207 million acquisition of ETC Canyon Pipeline, LLC from La Grange Acquisition, L.P., a wholly-owned subsidiary of Energy Transfer Partners, L.P.
Canyon gathers and processes natural gas in the Piceance and Uinta Basins in Colorado and Utah, primarily under long-term, fee-based agreements with more than 50 customers including WPX Energy, Noble, Black Hills, Laramie, Encana, ExxonMobil, and Antero. The gas gathering and processing system consists of more than 1,600 miles of pipe, 44,000 horsepower of compression, processing assets with a total…
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