Bear Tracker Energy LLC

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Description

Summit Midstream Partners LLC purchased Bear Tracker Energy LLC from an undisclosed seller for an undisclosed amount.
Summit Midstream Partners LLC purchased Bear Tracker Energy LLC from an undisclosed seller for an undisclosed amount.

Summit Midstream Partners LLC purchased Bear Tracker Energy LLC from an undisclosed seller for an undisclosed amount.

The acquisition was fully funded with an equity investment from Energy Capital Partners, the majority owner of Summit Investments. In conjunction with the closing, the acquired company has been renamed Meadowlark Midstream Company LLC.

Meadowlark owns, operates, and is currently developing several crude oil, natural gas, and water gathering systems in the Bakken shale play in North Dakota and in the Niobrara shale play in Colorado. Meadowlark's North Dakota assets include crude oil, natural gas, and water gathering systems designed to serve producers primarily targeting crude oil production from the Bakken in Mountrail, Burke, Williams and Divide counties. Meadowlark's Colorado assets include a natural gas gathering system and processing facility designed to handle the casing head natural gas associated with crude oil production from the Niobrara in Weld County.

Meadowlark provides gathering and processing services pursuant to long-term, primarily fee-based gathering agreements with some of the most active producers operating in the Bakken and Niobrara. These agreements include long-term acreage dedications and many contain long-term minimum volume commitments. The natural gas gathering system located in Mountrail and Burke counties is currently in service while the crude oil and water gathering systems are under development and expected to commence operations in 13,,, according to the release.

Summit Investments owns and controls the general partner of Summit Midstream Partners LP (NYSE: SMLP) as well as a ...%% limited partner interest.

Headquartered in Dallas, Summit Midstream Partners LLC is a growth-oriented midstream energy company focused on owning and operating midstream energy infrastructure assets that are strategically located in the core areas of unconventional resource basins, primarily shale formations, in North America.