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Chesapeake Energy (CHK) confirms it plans to sell its assets in Chesapeake Midstream Partners...
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Friday, June 8, 2012, 8:09 AM ETChesapeake Energy (CHK) confirms it plans to sell its assets in Chesapeake Midstream Partners (CHKM) to Global Infrastructure Partners in three separate transactions for expected cash proceeds of more than $4B. CHK says the midstream divestitures will enable it to reduce previously budgeted capex by ~$3B over the next three years. CHK +2.5% premarket.
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