Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily in shale formations across the continental United States. The company operates natural gas, crude oil, and produced water gathering systems in four main basins: the Williston Basin, the Denver-Julesburg Basin, the Fort Worth Basin, and the Piceance Basin. Its customers primarily include natural gas and crude oil producers who rely on these gathering systems for transportation and processing of their products. Revenue is generated through fees charged for the transportation and processing services provided, with a significant portion coming from natural gas and crude oil gathering operations, which typically account for about 70-80% of total revenue. Factors supporting endurance include the ongoing demand for energy and the critical role of midstream infrastructure in the energy supply chain, while potential limitations include regulatory risks and fluctuations in energy prices.
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Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily in shale formations across the continental United States. The company operates natural gas, crude oil, and produced water gathering systems in four main basins: the Williston Basin, the Denver-Julesburg Basin, the Fort Worth Basin, and the Piceance Basin. Its customers primarily include natural gas and crude oil producers who rely on these gathering systems for transportation and processing of their products. Revenue is generated through fees charged for the transportation and processing services provided, with a significant portion coming from natural gas and crude oil gathering operations, which typically account for about 70-80% of total revenue. Factors supporting endurance include the ongoing demand for energy and the critical role of midstream infrastructure in the energy supply chain, while potential limitations include regulatory risks and fluctuations in energy prices.
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Daily adjusted close
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily in shale formations across the continental United States. The company operates natural gas, crude oil, and produced water gathering systems in four main basins: the Williston Basin, the Denver-Julesburg Basin, the Fort Worth Basin, and the Piceance Basin. Its customers primarily include natural gas and crude oil producers who rely on these gathering systems for transportation and processing of their products. Revenue is generated through fees charged for the transportation and processing services provided, with a significant portion coming from natural gas and crude oil gathering operations, which typically account for about 70-80% of total revenue. Factors supporting endurance include the ongoing demand for energy and the critical role of midstream infrastructure in the energy supply chain, while potential limitations include regulatory risks and fluctuations in energy prices.