HOUSTON, Feb. 8, 2022 /PRNewswire/ -- Summit Midstream
Partners, LP (NYSE: SMLP) (the "Partnership") announced today that
Marc Stratton, the Executive Vice
President and Chief Financial Officer of Summit Midstream GP, LLC
(the "Company") will be departing the Company to pursue other
interests. Mr. Stratton's employment with the Company will
terminate effective March 4,
2022.
The Company announced that it is promoting William (Bill) Mault to Executive Vice President
and Chief Financial Officer, effective immediately. Mr. Mault
joined the Company in 2016 and has held various senior management
roles at the Company including, Vice President of Corporate
Development, Finance and Treasurer. Prior to joining the Company,
Mr. Mault spent nearly 10 years in mergers & acquisitions and
investment research capacities, most recently at SunTrust Robinson
Humphrey (now Truist Securities). Mr. Mault has over 10 years
of oil and gas industry experience, is a Chartered Financial
Analyst® charterholder and holds a Bachelor of Business
Administration, majoring in Banking, Finance and Economics, from
Northwood University.
In addition, the Company announced that it is promoting
Matt Sicinski to Senior Vice
President and Chief Accounting Officer, effectively immediately.
Mr. Sicinski joined the Company in February 2020 as the Company's Vice President and
Chief Accounting Officer. Prior to joining the Company, Mr.
Sicinski was the Vice President and Controller at Venari Resources
and he spent over 8 years at Southwestern Energy in multiple
accounting, finance and commercial development roles.
Additionally, Mr. Sicinski worked in the Houston offices of Arthur Andersen and Ernst
& Young, most recently as a manager. Mr. Sicinski has
over 20 years of oil and gas industry experience, is a Certified
Public Accountant and received Bachelor of Business Administration
and Master of Business Administration degrees in Accounting from
Angelo State University.
Heath Deneke, President, Chief
Executive Officer and Chairman, commented, "I would like to thank
Marc for his service and contributions to Summit over the past 12
years and wish him success in his future endeavors. Marc was
a founding member of Summit Investments, has served in various
senior management roles and spearheaded a series of capital markets
transactions that significantly transformed SMLP's balance sheet
and enhanced financial flexibility. I'm excited to welcome
Bill and Matt as the newest members of Summit's senior management
team and look forward to working with them in their new
roles. They have been critical members of the team since
joining the Company and have been deeply involved in SMLP's
financial and strategic initiatives. They bring a highly
complementary skill set to the Company and I am confident that they
have the relevant experience and knowledge to succeed in their new
roles and will continue to focus on creating long-term value for
our investors."
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
provides natural gas 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 2020 Annual Report on Form 10-K
filed with the Securities and Exchange Commission ("SEC") on
March 4, 2021 and in its Quarterly
Report on Form 10-Q for the three months ended March 31, 2021 filed with the SEC on May 7, 2021, its Quarterly Report on Form 10-Q
for the three months ended June 30,
2021 filed with the SEC on August 9,
2021 and its Quarterly Report on Form 10-Q for the three
months ended September 30, 2021 filed
with the SEC on November 5, 2021,
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.
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SOURCE Summit Midstream Partners, LP