Summit Midstream Partners LLC has executed a definitive agreement with affiliates of GSO Capital Partners LP and Bear Tracker Investments LLC to acquire 100% of the equity interests of Bear Tracker Energy LLC for US $513 million.

Bear Tracker is a privately held midstream energy company with assets currently in service and under development in the Williston Basin in North Dakota, which includes the Bakken shale and Three Forks formation, and in the Denver-Julesburg Basin in Colorado including the Niobrara shale. The transaction is expected to close during the first ...