Chesapeake Midstream Partners, L.P. Announces Closing of Global Infrastructure Partners’ Purchase of Chesapeake Energy Corporation’s GP and LP Ownership Interests
OKLAHOMA CITY--(BUSINESS WIRE)-- Chesapeake Midstream Partners, L.P. (CHKM) today announced that Global Infrastructure Partners (GIP) has closed the previously announced acquisition of all of Chesapeake Energy Corporations (NYSE:CHK) (Chesapeake) ownership interests in the Partnership. GIP paid $2.0 billion to acquire Chesapeakes general partner and limited partner interests. Todays closing results in GIPs ownership of 100% of the Partnerships general partner interest and 69% of the Partnerships limited partner units.
Chesapeake Midstream Partners, L.P. is the industrys largest gathering and processing master limited partnership as measured by throughput volume and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, CHKM's operations are focused on the Barnett Shale, Haynesville Shale, Marcellus Shale and Mid-Continent regions of the U.S. CHKMs common units are listed on the New York Stock Exchange under the symbol CHKM. Further information is available at www.chkm.com where CHKM routinely posts announcements, updates, events, investor information and presentations and all recent press releases.
Chesapeake Midstream Partners, L.P.
Dave Shiels, CFO, 405-935-6224
Jack Cowell, 917-405-0717
Tom Johnson, 212-371-5999
Source: Chesapeake Midstream Partners, L.P.Copyright Business Wire 2012