Summit Midstream, XTO Energy to develop $400 million project in Utica shale play

Summit Midstream Partners and XTO Energy Inc., a subsidiary of ExxonMobil, have announced that they will develop and operate a $400 million natural gas gathering system to service XTO’s production from Belmont and Monroe counties in southeastern Ohio, according to the Youngstown Business Journal. The newspaper says the system will be owned and developed by Summit Midstream Utica LLC, a new subsidiary of Summit Investments. XTO will be the anchor shipper and has dedicated 29,000 acres to Summit Midstream Utica under a long-term gathering agreement, the companies said. For more, read the full story.