Summit Midstream Partners completed the acquisition of Outrigger DJ and Sterling DJ for $305m.

Summit Midstream Partners, a growth-oriented master limited partnership, completed the acquisition of Outrigger DJ and Sterling DJ, which own natural gas gathering and processing systems, a crude oil gathering system, freshwater rights, and a subsurface freshwater delivery system in the DJ Basin, for $305m. “The robust midstream system we developed in the DJ Basin proved attractive to potential purchasers and this transaction with Summit delivers a positive outcome for our customers, employees, and investors. Further, the system’s extensive high-pressure gas gathering footprint provides an excellent platform for interconnectivity with multiple midstream systems in the DJ Basin, including Summit’s system. We have confidence that Summit’s experienced team will provide excellent service to the producer community and continued efficient consolidation and operation of midstream assets in the basin," Dave Keanini, Outrigger President and CEO.