Headquartered in Houston, Texas, Summit Midstream Corporation (NYSE: SMC) is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.
We currently operate natural gas, crude oil and produced water gathering systems in four unconventional resource basins:
the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations;
the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in Colorado and Wyoming;
the Fort Worth Basin in Texas, which includes the Barnett Shale formation; and
the Piceance Basin in Colorado, which includes the liquids-rich Mesaverde formation as well as the emerging Mancos and Niobrara Shale formations.
Our systems and the basins they serve are as follows:
the Polar & Divide system, which serves the Williston Basin;
the DFW Midstream system, which serves the Fort Worth Basin;
the Grand River system, which serves the Piceance Basin; and
the Niobrara G&P system, which serves the DJ Basin.
SMC
has an equity investment in and operates Double E Pipeline, LLC, which is natural gas transmission infrastructure that provides transportation service from multiple receipt points in the Delaware Basin to various delivery points in and around the Waha Hub in Texas.
We generate a substantial majority of our revenue under primarily long-term and fee-based gathering agreements with our customers. The majority of our gathering agreements are underpinned by areas of mutual interest (“AMIs”) and minimum volume commitments (“MVCs”). Our AMIs provide that any production drilled by our customers within the AMIs will be shipped on our gathering systems. The MVCs are designed to ensure that we will generate a minimum amount of gathering revenue over the life of each respective gathering agreement. The fee-based nature of the majority of the gathering agreements enhances the stability of our cash flows and limits our direct commodity price exposure.
Since our formation in 2009, our management team has established a track record of executing this strategy through the acquisition and subsequent development of DFW Midstream, Grand River, Polar & Divide, Niobrara G&P, and Double E Pipeline.
Summit Midstream is proudly committed to recruiting and retaining a diverse and inclusive workforce. As an Equal Opportunity Employer, we do not discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical condition), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Relocation
: No Relocation assistance provided.
Work schedule
: hybrid schedule (office/remote)
Work Sponsorship:
Summit Midstream will only employ those who are legally authorized to work in the United States. Any offer of employment is contingent upon the Company receiving satisfactory results from a pre-employment drug screening, a criminal background check, and reference checks and your satisfaction of all other applicable fitness for duty requirements.
Summary:
The Associate position on the Commercial team will support senior Commercial staff with the daily responsibilities of running the DJ Basin. To include: analysis and support with daily operations, scheduling, optimization of flows/assets in pursuit of commercial optimization, commercial assessment of opportunities to help drive growth of existing business lines, expand into new markets, and achieve additional operational efficiencies. The Associate will be responsible for meeting with existing internal and external stakeholders to solve problems and discuss current operations and identify new business opportunities.
Principle Duties & Responsibilities:
Conduct ongoing analysis of existing business operations, including operational metrics, volume trends, and monthly financial performance.
Participate in daily operational plans to include scheduling and customer directed commodity flows.
Develop detailed financial projection models for new projects, including cash flow analyses and return assessments, and present findings to senior Commercial leadership.
Maintain and enhance existing financial models using data from customers, internal teams, and external research.
Build and maintain strong relationships with existing customers to ensure satisfaction with current operations and to identify incremental business opportunities.
Prepare clear, well-structured presentation materials and analytical reports for senior management and the Board of Directors.
Collaborate effectively with cross-functional teams—including Engineering, Operations, Legal, Accounting, FP&A, and Corporate Strategy—to support commercial initiatives.
Partner with senior Commercial leadership and other departments to develop business cases supporting transactions, investments, and strategic recommendations.
Participate in commercial meetings with customers and ensure timely follow-up and consistent communication between customers and internal stakeholders.
Support contract administration, ensuring all development and contracting activities align with contract terms and key milestone requirements.
Closely monitor critical contractual deadlines and deliverables.
Support new business growth by developing internal pitch decks, drafting term sheets, shaping commercial concepts, and driving projects to completion.
Review asset settlement processes and create templates to track KPIs across business units.
Contribute to acquisition strategy development and support creation of business plans for potential acquisitions.
Coordinate with internal teams and select customers to ensure accurate and timely information flow among project management, financial planning, regulatory, land, and other functions.
Build and interpret financial models to assess the commercial and economic viability of new projects and opportunities.
Monitor residue, NGL and crude pricing netbacks, with goal of finding optimization projects and ensuring proper netbacks
Analyze market data, competitor activities and customer trends to identify opportunities
Track Take-In-Kind and associated nominations to ensure proper allocations
Ability to understand online data sets and translate into market opportunity, then communicate effectively internally the market opportunity
Education & Experience:
Bachelor’s degree with relevant coursework in finance and accounting
Three to five years of relevant experience required
Prior experience in the Oil and Gas industry preferred
Ability to create complex financial models
Knowledge Skills & Abilities:
A solid understanding of finance and generally accepted accounting procedures required
Strong analytical and financial skills including economic valuation and return on investment
Strong proficiency in Microsoft Excel and PowerPoint skills required
Excellent oral and written communication and interpersonal skills
Self-starter with the ability to work/collaborate effectively within a team
Occasional travel may be required
Collaborative team player with ability to partner and work with varying levels and departments
Ability to work effectively in a fast-paced environment
Ability to meet strict deadlines
Physical Demands and Working Conditions:
Will work primarily in an office environment
Available to travel on an occasional basis
Ability to sit for prolonged periods of time
Able to view computer terminal for long periods of time
Manual dexterity for operating computer and office equipment
Summit Midstream offers a comprehensive benefits package including:
Company Paid Holidays
Discretionary Performance Bonus
Medical Insurance
Dental Insurance
Vision Insurance
Employer supplemented Health Savings Account
Flexible Benefit Plan
Basic Term Life Insurance
Voluntary Term Life and AD&D Insurance
Employer Short & Long-Term Disability Insurance
Employee Assistance Plan (EAP)
Hospital Indemnity, Critical Illness and Accident Insurance
Wellness Incentive Program
6% Retirement Plan Match
Notice
Summit Midstream Corporation will not pay a fee of any kind to any third party agency without a valid Summit Midstream Corporation’ Master Service Agreement (MSA) authorized and signed by Human Resources. Any resume, application or other form of candidate submission to any employee of Summit Midstream Corporation, without a valid MSA on file, will be considered property of Summit Midstream Corporation and no fee will be paid.
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