Summit Midstream Doing Reverse Stock Split Following NYSE Warning

Summit Midstream Partners, formed in 2009 and headquartered in The Woodlands, Texas, operates natural gas, crude oil and produced water gathering (pipeline) systems in six unconventional resource basins, including the Marcellus and Utica. The company concentrates its time and money on four “core focus areas” including the Utica, the Williston (i.e. Bakken), the DJ Basin and the Permian. The company announced yesterday it has received notice from the New York Stock Exchange (NYSE) that its per-share price has fallen below $1 for at least 30 consecutive trading days.

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