Summit Midstream Partners Lp's

The company operates in a competitive environment focused on securing volumes from new wells outside existing Area of Mutual Interest (AMI) boundaries and managing production released from commitments with competitors. It reports volumes gathered for natural gas and aggregates crude oil and produced water gathering. Revenues are primarily generated from volumes gathered, compressed, treated, and processed, as well as the rates charged for these services. Most gathering and processing agreements are fee-based, which limits exposure to commodity price fluctuations; however, some contracts include rates directly influenced by commodity prices. Additionally, percent-of-proceeds arrangements are in place with certain customers.