Summit Midstream 1Q – Ohio Gathering Volumes Up, Revenues Down
Summit Midstream Partners, formed in 2009 and headquartered in The Woodlands, Texas, operates natural gas, crude oil, and produced water gathering (pipeline) systems in several unconventional shale plays, including the Marcellus and Utica. Last week Summit issued its first quarter 2022 update. The company’s Marcellus/Utica segment (now called Northeast) continued to be the star performer. Flows through the company’s pipeline system were down versus the prior year, with the exception of its Ohio Gathering unit where volumes increased. Revenues were down from the same period a year ago, but not by much.
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