In two separate transactions, Summit Midstream Partners (SMLP) acquires a high-pressure gas...

|About: Summit Midstream Partners (SMLP)|By:, SA News Editor

In two separate transactions, Summit Midstream Partners (SMLP) acquires a high-pressure gas gathering system in the Marcellus Shale from MarkWest Energy (MWE) for $210M, and purchases natural gas gathering assets in the Bakken Shale from Summit Investments from $250M. As a result, SMLP raises its full-year earnings forecast to $140M-$150M from $115M-$125M.