HOUSTON, Dec. 3, 2020 /PRNewswire/ -- Summit
Midstream Partners, LP (NYSE: SMLP) announced today that it has
received written notification from the New York Stock Exchange (the
"NYSE") that it has regained compliance with the NYSE's continued
listing standard. As a result of the recent reverse unit
split, SMLP's common unit price has traded above the NYSE's minimum
requirement of $1.00 average unit
price for the 30-trading days ended November
30, 2020. Given that SMLP has regained compliance with
the NYSE's minimum price continued listing standard, the suffix
indicating "below criteria" will be removed from its ticker symbol
and SMLP will trade on the NYSE under the ticker "SMLP."
About Summit Midstream Partners, LP
SMLP is a
value-driven limited partnership focused on developing, owning and
operating midstream energy infrastructure assets that are
strategically located in unconventional resource basins, primarily
shale formations, in the continental United States. SMLP
provides natural gas, crude oil and produced water gathering
services pursuant to primarily long-term and fee-based gathering
and processing agreements with customers and counterparties in six
unconventional resource basins: (i) the Appalachian Basin, which
includes the Utica and Marcellus
shale formations in Ohio and
West Virginia; (ii) the
Williston Basin, which includes
the Bakken and Three Forks shale formations in North Dakota; (iii) the Denver-Julesburg
Basin, which includes the Niobrara
and Codell shale formations in Colorado and Wyoming; (iv) the Permian Basin, which
includes the Bone Spring and Wolfcamp formations in New Mexico; (v) the Fort Worth Basin, which includes the Barnett
Shale formation in Texas; and (vi)
the Piceance Basin, which includes the Mesaverde formation as well
as the Mancos and Niobrara shale formations in Colorado.
SMLP has an equity investment in Double E Pipeline, LLC, which is
developing natural gas transmission infrastructure that will
provide transportation service from multiple receipt points in the
Delaware Basin to various delivery
points in and around the Waha Hub in Texas. SMLP also has an
equity investment in Ohio Gathering, which operates extensive
natural gas gathering and condensate stabilization infrastructure
in the Utica Shale in Ohio. SMLP is headquartered in
Houston, Texas.
Forward-Looking Statements
This press release includes
certain statements concerning expectations for the future that are
forward-looking within the meaning of the federal securities
laws. Forward-looking statements include, without limitation,
any statement that may project, indicate or imply future results,
events, performance or achievements, and may contain the words
"expect," "intend," "plan," "anticipate," "estimate," "believe,"
"will be," "will continue," "will likely result," and similar
expressions, or future conditional verbs such as "may," "will,"
"should," "would," and "could." Forward-looking statements
also contain known and unknown risks and uncertainties (many
of which are difficult to predict and beyond
management's control) that may cause SMLP's actual results in
future periods to differ materially from anticipated or projected
results. An extensive list of specific material risks
and uncertainties affecting SMLP is contained in its 2019 Annual
Report on Form 10-K filed with the Securities and Exchange
Commission on March 9, 2020, Quarterly Report on Form
10-Q for the three months ended March 31,
2020 filed with the Securities Exchange Commission on
May 8, 2020, Quarterly Report on Form
10-Q for the three months ended June 30,
2020 filed with the Securities Exchange Commission on
August 7, 2020 and Quarterly Report
on Form 10-Q for the three months ended September 30, 2020 filed with the Securities
Exchange Commission on November 6,
2020, each as amended and updated from time to time. Any
forward-looking statements in this press release, are made as of
the date of this press release and SMLP undertakes no
obligation to update or revise any forward-looking statements to
reflect new information or events.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/summit-midstream-partners-lp-regains-compliance-with-nyse-minimum-price-continued-listing-standard-301185549.html
SOURCE Summit Midstream Partners, LP