7/2/2012 8:06 AM | Chesapeake Energy - America's Champion of Natural Gas

Chesapeake Midstream Partners, L.P. Announces Closing of Global Infrastructure Partners’ Purchase of Chesapeake Energy Corporation’s GP and LP Ownership Interests

7/2/2012 3:06 AM

OKLAHOMA CITY--(BUSINESS WIRE)--Jul. 2, 2012-- Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that Global Infrastructure Partners (GIP) has closed the previously announced acquisition of all of Chesapeake Energy Corporation’s (NYSE:CHK) (Chesapeake) ownership interests in the Partnership. GIP paid $2.0 billion to acquire Chesapeake’s general partner and limited partner interests. Today’s closing results in GIP’s ownership of 100% of the Partnership’s general partner interest and 69% of the Partnership’s limited partner units.

Chesapeake Midstream Partners, L.P. (NYSE:CHKM) is the industry’s 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. CHKM’s 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.

Source: Chesapeake Midstream Partners, L.P.

Chesapeake Midstream Partners, L.P.
Investor Contact:
Dave Shiels, CFO, 405-935-6224
dave.shiels@chk.com
or
Media Contacts:
Jack Cowell, 917-405-0717
jack.cowell@global-infra.com
or
Tom Johnson, 212-371-5999
tbj@abmac.com

The information includes forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of riskfactors that could affect future operating or financial performance in our most recent prospectus and Form 10-K and other SEC Filings. Chesapeake assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments. You will find a reconciliation of any non-GAAP financial measure, as defined by the SEC in Regulation G, to the most directly comparable GAAP number in Reconciliation of Non-GAAP Financial Measures.

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