OKLAHOMA CITY, Dec 15, 2009 (BUSINESS WIRE) -- Chesapeake Midstream Partners, L.L.C. (CMP), the recently formed 50-50
partnership between Global Infrastructure Partners, L.P., and Chesapeake
Energy Corporation (NYSE:CHK) that purchased and operates CHK's Barnett,
Permian and Mid-Continent gas gathering and treating assets, today
announced the hiring of Robert S. Purgason to fill the newly created
position of Chief Operating Officer. Bob joins CMP after 30 years of
diversified experience in the natural gas, power generation and
midstream sectors, having most recently served as Chief Operating
Officer and Executive Vice President at Crosstex Energy Services, L.P.
Bob will assume responsibility for all asset operations and commercial
activities within CMP, including primary oversight and coordination with
CHK for CMP's operations.
Bob graduated with a Bachelor of Science degree in Chemical Engineering
from the University of Oklahoma and is a recognized industry leader. He
has served on the Board of Directors of the Texas Pipeline Association,
the Gas Processors Association, the Board of Visitors Dean's Advisory
Council for the College of Engineering at The University of Oklahoma,
the Advisory Board for the Chemical, Biological & Materials Engineering
School at The University of Oklahoma and has authored numerous technical
and marketing papers.
Management Comments
J. Mike Stice, CMP's Chief Executive Officer, commented, "We are
extremely pleased to have Bob join the CMP senior management team. We
look forward to leveraging the exceptional talents Bob brings to CMP as
we continue to develop what we believe will be one of the premier
midstream companies in the U.S."
Chesapeake Midstream Partners, L.L.C. (CMP) is a joint venture
created by Chesapeake Energy Corporation (NYSE: CHK) and Global
Infrastructure Partners to 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 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 one of the leading producers 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.
Global Infrastructure Partners ("GIP") is an independent private
equity 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.Further information is available
at www.global-infra.com.
SOURCE: Chesapeake Energy Corporation and Chesapeake Midstream Partners, L.L.C.
Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President -
Investor Relations and Research
Chesapeake Energy Corporation
jeff.mobley@chk.com
or
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