OKLAHOMA CITY, Feb 16, 2010 (BUSINESS WIRE) -- Chesapeake Midstream Partners, L.P., a master limited partnership,
announced today the filing of a registration statement on Form S-1 with
the Securities and Exchange Commission relating to its proposed initial
public offering of common units representing limited partner interests.
Application will be made to list the common units on the New York Stock
Exchange under the symbol "CHM". CHM is currently owned by a 50/50 joint
venture between Chesapeake Energy Corporation (NYSE: CHK) and Global
Infrastructure Partners.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
The registration statement is available on the SEC's web site at http://www.sec.gov
under the registrant's name, "Chesapeake Midstream Partners, L.P." This
press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
This news release contains forward-looking statements within the meaning
of the federal securities laws. These forward-looking statements involve
certain risks and uncertainties, including, among others, our business
plans may change as circumstances warrant and securities of CHM may not
ultimately be offered to the public because of general market conditions
or other factors.
Chesapeake Midstream Partners, L.P. will own, operate, develop and
acquire natural gas gathering systems and other midstream energy assets.Headquartered in Oklahoma City, the company's operations are
focused on the Barnett Shale and Mid-Continent regions of the U.S.
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.
Global Infrastructure Partners ("GIP") is an independent
infrastructure fund that invests worldwide in infrastructure assets in
both OECD and select emerging market countries.GIP
targets investments in single assets, and portfolios of assets and
companies, in power and utilities, natural resources infrastructure, air
transport infrastructure, seaports, freight railroad, water distribution
and treatment and waste management.GIP has offices in New
York, London, Hong Kong and Sydney and portfolio operations headquarters
in Stamford, Connecticut.
SOURCE: Chesapeake Energy Corporation
Chesapeake Midstream Partners, L.P.
David C. Shiels, 405-935-6224
Chief Financial Officer
dave.shiels@chk.com
or
J. Mike Stice, 405-935-6134
Chief Executive Officer
mike.stice@chk.com