water overflow

Summit Midstream Resolves Investigations of North Dakota Water Spill – MarketWatch

By Josh Beckerman Summit Midstream Companions LP said Thursday that it entered felony and civil agre…….

By Josh Beckerman

Summit Midstream Companions LP said Thursday that it entered felony and civil agreements to resolve investigations associated to a North Dakota water spill, with $36.3 million of penalties to be paid over six years.

The U.S. Division of Justice said the settlement includes Summit Midstream Companions LLC and Meadowlark Midstream Co. LLC. As a Outcome of of transactions in 2016 and 2020, The two corporations At the second are models of Summit Midstream Companions LP.

The DOJ said “Summit continued pumping produced water by way of the pipeline in 2014 to 2015 regardless of a quantity of warning indicators thOn The road had ruptured.”

Based mostly on the DOJ, a factual admission said “Summit’s negligence included the design, enchancment and operation of the Marmon Water Gathering System pipeline, As properly as to the negligent failure To Search out and cease the spill after studying of objective indicators of a leak.”

In a press launch, Summit said “as An group, We now have accepted obligation for the produced water spill On the Blacktail Creek website from The start and have been working diligently over the previous seven years on efforts To utterly remediate the environmental impacts to The world, whereas additionally investing closely in preventative system enhancements.”

“Since discovering the spill in 2015, We now have invested roughly $75 million on these general system enhancements and environmental remediation measures On the Blacktail Creek website,” The agency said.

Summit said “whereas we think about The general monetary settlement penalties as extreme beneath the circumstances, notably given our substantial remediation and mitigation efforts So far, we think about that placing this matter behind us with manageable cost phrases over The subsequent six years is in Definitely one of the biggest curiosity of all of Summit’s stakeholders and staff.”

Summit models recently traded up 1% to $37.80.

Write to Josh Beckerman at [email protected]