Summit Midstream Partners (SMLP -4.9%) is sharply lower in early trading after announcing the...

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

Summit Midstream Partners (SMLP -4.9%) is sharply lower in early trading after announcing the acquisition of privately-held Bear Tracker Energy, which owns assets in service and under development in the Bakken shale and Three Forks formation in North Dakota and the Niobrara shale in Colorado, for $513M.