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

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.
Comments (1)
  • dontjr
    , contributor
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    Wish I knew more about this sort of thing. Don't know if this is a good move for MWE. I assume they feel it is at this time or they would'nt have sold this gas gathering system now.
    5 Jun 2013, 12:21 PM Reply Like
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