Summit Midstream closes $305MM drop-down

摘要

Summit Midstream Partners LP (NYSE: SMLP) has closed the dropdown acquisition of Red Rock Gathering Co. Grand River Gathering LLC, Dallas-based SMLP's wholly owned subsidiary, agreed to buy 100% of the equity interests in Red Rock from a subsidiary of Summit Midstream Partners LLC. Summit Investments acquired the Red Rock system in October 2012. Red Rock is a natural gas gathering and processing system located in the Piceance Basin in western Colorado and eastern Utah.