Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP and owns a 69.1% limited partner interest in SMLP, announced today that it has commenced operations of the Polar Crude Oil and Water Gathering System (the "Polar System") in the Bakken Shale Play in Williams County, North Dakota.
The Polar System is designed to gather 50,000 barrels of crude oil per day and 25,000 barrels of water per day from the Bakken and Three Forks shale formations in North Dakota. The Polar System includes approximately 50 miles of crude oil gathering pipeline and 35 miles of water gathering pipeline. Crude oil gathered on the Polar System is delivered to the COLT Hub Terminal in Epping, North Dakota under long-term, fee-based gathering agreements. Kodiak Oil & Gas Corp. is the anchor customer on the Polar System.
Steve Newby, President and CEO of Summit Investments commented, "The start-up of the Polar System is a key milestone for Summit as it diversifies our service offerings and provides much needed gathering infrastructure in the region. We are excited about the potential of the Polar System given its strategic location in one of the largest and fastest growing crude oil basins in the United States."
