MPLX LP /
Summit Midstream Utica, LLC
MPLX LP acquires Summit Midstream Utica, LLC in $625.0 million sale
What happened
MPLX LP completed its acquisition of Summit Midstream Utica, LLC from Summit Midstream Opco, LP for $625.0 million in cash consideration, subject to customary post-closing adjustments.
Summit Midstream Utica owns interests in Ohio Gathering and midstream assets located in the Utica Shale. Summit Midstream Partners, LP said it intends to use the proceeds to reduce outstanding borrowings, for general partnership purposes or future acquisitions.
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MPLX LP acquires Summit Midstream Utica, LLC in $625.0 million sale
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