Summit Midstream Merges with Itself; Bob McNally Joins Board
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 completed the buyout of a subsidiary and merged it in. Hidden in the bowels of the press release we discovered Bob McNally, former (ousted) CEO of EQT Corporation, has joined the board of directors at Summit.
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Two weeks ago MDN brought you the news that consulting powerhouse PricewaterhouseCoopers (PWC), which had been hired to liquidate the assets of Australian company LNG Limited (LNGL), had found a buyer for the Magnolia LNG export project for $2.25 million (see 
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