OKLAHOMA CITY, Jan 07, 2010 (BUSINESS WIRE) -- Chesapeake Midstream Partners, L.L.C. (CMP), the recently formed entity
which purchased and operates Chesapeake Energy's (NYSE:CHK) Barnett,
Permian and Mid-Continent natural gas gathering and treating assets,
today announced the hiring of David C. Shiels to serve as the company's
Chief Financial Officer. Dave joins CMP following a 22 year career at
General Electric and ConocoPhillips. At CMP, Dave will be responsible
for leading the financial reporting, analysis and budgeting, in addition
to treasury, capital oversight and investor relations functions.
Dave has held multiple regional CFO roles within GE subsidiaries, which
included controllership and financial planning and analysis
responsibilities. Dave most recently served as CFO of GE Security
Americas. While at ConocoPhillips from 1987 to 1996, Dave held various
financial and operational leadership positions. Dave graduated with a
Bachelor of Arts degree in Finance and Banking from Michigan State
University and has completed numerous career development programs,
including GE's financial leadership program.
Management Comments
J. Mike Stice, CMP's Chief Executive Officer, commented, "We are pleased
to have Dave join the CMP senior management team. He brings two decades
of experience in financial planning and analysis, controller and audit
functions, system and process implementation and financial reporting.
With Dave's appointment, we have now assembled an executive leadership
team that we believe will be able to successfully execute our corporate
strategy as one of the premier midstream companies in the U.S."
Chesapeake Midstream Partners, L.L.C. (CMP) is a joint venture
that owns, operates, develops and acquires natural gas gathering systems
and other midstream energy assets.Headquartered in
Oklahoma City, the company's operations are focused on the Fort Worth
Barnett Shale and Mid-Continent regions of the U.S. The company
currently gathers more than 1.5 billion cubic feet of natural gas per
day on its systems.
Chesapeake Energy Corporation is the second largest producer of
natural gas in the U.S.Headquartered in Oklahoma City,
the company's operations are focused on the development of onshore
unconventional and conventional natural gas in the U.S. in the Barnett
Shale, Haynesville Shale, Fayetteville Shale, Marcellus Shale, Anadarko
Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin,
South Texas, Texas Gulf Coast and East Texas regions of the United
States.Further information is available at www.chk.com.
SOURCE: Chesapeake Energy Corporation and Chesapeake Midstream Partners, L.L.C.
J. Mike Stice, 405-935-6134
Senior Vice President -
Natural Gas Projects
Chesapeake Energy Corporation
and Chief Executive Officer -
Chesapeake Midstream Partners, L.L.C.
mike.stice@chk.com
or
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President -
Investor Relations and Research
Chesapeake Energy Corporation
jeff.mobley@chk.com