Current SMLP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Summit Midstream to proceed with Double E pipeline project
Summit Midstream Partners (stock ticker: SMLP) has made a final investment decision to proceed with its Double E pipeline project, after having secured sufficient commitments pursuant to binding precedent agreements for long-term, firm transportation service.

The company also executed a definitive joint venture agreement with an unnamed anchor shipper, and concurrent with the FID, Summit’s JV partner has amended its previously executed precedent agreement. In combination with the commitments from other shippers, the Double E project has now secured 10 years’ worth of take-or-pay volume commitments for a majority of its 1...

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