DALLAS, July 29, 2014 /PRNewswire/ -- 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 also owns a 56.7% limited partner
interest in SMLP, today provided a commercial update for its wholly
owned operating subsidiaries, Meadowlark Midstream Company, LLC
("Meadowlark") and Epping Transmission Company, LLC ("Epping
Transco"). Meadowlark is composed of the Divide Crude Oil
& Water Gathering System (the "Divide System") and the Polar
Crude Oil & Water Gathering System (the "Polar System"), both
of which are located in the Bakken Shale Play in North Dakota, and the Niobrara Gathering &
Processing System which is located in the Denver-Julesburg Basin in
Weld County, CO. Epping Transco is a newly formed subsidiary
that will own and operate the Little Muddy Interconnect, described
below.
Epping Transco announced today that it has reached an agreement
with North Dakota Pipeline Company LLC, an affiliate of Enbridge
Energy Partners, L.P. ("Enbridge"), on a new crude oil interconnect
agreement pursuant to which Epping Transco will interconnect with
and deliver certain of the crude oil gathered on Meadowlark's Polar
and Divide systems into Enbridge's
North Dakota System (the "Little Muddy Interconnect"). The
Little Muddy Interconnect will provide customers on the Polar and
Divide systems with increased
optionality in accessing downstream markets with up to 55,000
barrels per day ("BPD") of incremental pipeline throughput
capacity.
In connection with the Little Muddy Interconnect and the Basin
Transload interconnect announced in June
2014, Meadowlark will expand its Epping Crude Oil Storage
Facility ("Epping Storage") and
Divide Crude Oil Storage Facility ("Divide Storage"), to offer
additional crude oil storage services to its customers.
Epping Storage will receive crude
oil from the Polar and Divide
systems and will also include a truck unloading rack. Divide
Storage will receive crude oil from the Divide System and will also
include a multi-bay truck unloading rack. Epping Storage and Divide Storage will each have
75,000 barrels of crude oil storage capacity, initially, and both
facilities will have the ability to accommodate additional crude
oil storage tanks for future potential expansions. Both
facilities are expected to be in service in the third quarter of
2015. Customers of Epping
Storage will have the option to access the COLT Hub rail
terminal or Enbridge's North Dakota Pipeline System.
Customers of Divide Storage will have the option to access the COLT
Hub rail terminal, Basin Transload's Columbus rail terminal, or
Enbridge's North Dakota System (through Epping Storage).
Steve Newby, President and CEO of
Summit Investments commented, "Our commercial team continues to
find ways to enhance both the operating capability of our Bakken
crude oil gathering systems and our service offerings for our
customers. With today's announcement, we add another delivery
outlet for our Bakken customers to utilize, which provides them
with improved reliability and greater flexibility to access the
most favorable crude oil markets and optimize returns."
"I am also excited to announce that we are enhancing our service
offering in the basin by developing new crude oil storage capacity
at our Epping and Divide
locations. These projects add another level of service that
we can offer to our customers to facilitate their drilling
programs, provide storage capacity, and ensure access to multiple
crude oil markets."
About Summit Midstream Partners, LLC
Summit Midstream
Partners, LLC ("Summit Investments") indirectly owns a 56.7%
limited partner interest in SMLP and indirectly owns and controls
the general partner of SMLP, Summit Midstream GP, LLC, which has
sole responsibility for conducting the business and managing the
operations of SMLP. Summit Investments owns, operates and is
developing various crude oil, associated natural gas, and
water-related midstream energy infrastructure assets in the Bakken
Shale in North Dakota and in the
DJ Niobrara Shale in Colorado.
Summit Investments is also developing natural gas gathering and
condensate stabilization infrastructure in the Utica Shale in
southeastern Ohio under a joint
venture agreement with affiliates of MarkWest Energy Partners, L.P.
and The Energy & Minerals Group. Summit Investments is a
privately held company owned by members of management, funds
controlled by Energy Capital Partners II, LLC, and certain of its
affiliates.
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SOURCE Summit Midstream Partners, LLC