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.
Shiels, CFO, 405-935-6224
Jack Cowell, 917-405-0717