10/26/2010 4:21 PM | Chesapeake Energy - America's Champion of Natural Gas

Chesapeake Midstream Partners, L.P. Declares Initial Distribution

10/26/2010 11:21 AM

OKLAHOMA CITY, Oct 26, 2010 (BUSINESS WIRE) --

Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the Board of Directors of its general partner declared a prorated quarterly distribution for the 2010 third quarter.

The distribution is the first declared by the Partnership and corresponds to a quarterly distribution of $0.3375 per unit, or $1.35 per unit on an annualized basis. The initial distribution of $0.2165 per unit was prorated for the 59-day period from the date of the closing of the Partnership's initial public offering on August 3, 2010 through September 30, 2010 pursuant to the terms of the limited partnership agreement. The distribution will be payable on November 12, 2010 to all unitholders of record at the close of business on November 5, 2010, together with the distribution to the general partner.

Chesapeake Midstream Partners, L.P. is one of the industry's largest midstream master limited partnerships and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets.Headquartered in Oklahoma City, the Partnership's operations are focused on the Barnett Shale and Mid-Continent regions of the U.S.Further information is available at www.chkm.com.

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 Contact:
Jim Gipson, 405-935-1310
jim.gipson@chk.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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