Summit Midstream 3Q15: Current Owner ECP Looking to Sell

Summit Midstream has a small but growing presence in the Marcellus/Utica region largely through purchasing pipeline systems from other companies, including Mountaineer Midstream, Summit’s Marcellus-area pipeline system in Doddridge County, WV. Yesterday the company issued its third quarter 2015 financial results. Of particular note: Summit is majority owned by Energy Capital Partners (ECP), a private equity firm (investment company). ECP is talking about selling their interest. That is, it’s sounding like Summit may soon see a change in ownership. Below is the update on that possible change, along with an update on Summit’s Mountaineer Midstream gathering system…

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