SMLP and ExxonMobil have also executed an equity option agreement, which provides ExxonMobil or an affiliate the right to become an equity partner in Double E.
Summit Midstream Partners, LP announced recently that it has executed a precedent agreement with XTO Energy Inc., a wholly owned subsidiary of Exxon Mobil Corporation, and one of the largest leaseholders and most active producers in the northern Delaware Basin, to become a foundation shipper on SMLP's Double E Pipeline project (Double E). XTO has committed to firm transportation capacity on Double E under a 10-year take-or-pay agreement which increases to 500 000 dth/d.
SMLP and ExxonMobil have also executed an equity option agreement, which provides ExxonMobil or an affiliate the right to become an equity partner in Double E.
