Summit Midstream Corporation Announces the Acquisition of Moonrise Midstream and Provides DJ Basin Operational Update
HOUSTON, March 10, 2025 /PRNewswire/ -- Summit Midstream Corporation (NYSE:SMC) ("Summit", "SMC" or the "Company") announced today that its wholly owned subsidiary, Summit Midstream Holdings, LLC ("SMP Holdings"), has acquired Moonrise Midstream, LLC ("Moonrise" or "Moonrise Midstream") from Fundare Resources Company Holdco, LLC ("Fundare") for a total consideration of $90 million, including $70 million in cash and $20 million in SMC equity. Summit also provided an operational update for its broader DJ Basin position.
Highlights
Expands Summit's gathering and processing footp
