A Locke Lord team led by Jennie Simmons and Lauren Richter (both Houston) advised Summit Midstream Partners (SMLP), a publicly traded partnership focused on developing, owning and operating midstream energy infrastructure assets, in its sale of Mountaineer Midstream, LLC, a wholly owned subsidiary of SMLP, to Antero Midstream for $70 million in cash. Antero is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin. The Mountaineer Midstream System, located within the Marcellus Formation, is in Doddridge and Harrison counties in West Virginia where it gathers natural gas under a long-term, fee-based contract with Antero Resources Corporation. For more information, see the press release. Additional assistance was provided by Bill Swanstrom, Jerry Higdon, Eric Larson, Sara Longtain, Michelle Gutierrez-Begin and Shaylen Jessop (all of Houston).
Posted on May 10, 2024