Capital Markets | Private Equity Activity
Chesapeake and Enogex Signs Granite Wash Gas Processing Agreement
Print
|
Enogex, the midstream subsidiary of OGE Energy Corp. announced that it signed a 15-year agreement with two subsidiaries of Chesapeake Energy Corporation , including Chesapeake Energy Marketing, Inc.("CEMI"), for the rights to gather and process natural gas production from nearly 500,000 net acres in the Cleveland Sands, Granite Wash,Tonkawa and Marmaton plays of northwestern Oklahoma and the Texas Panhandle.
The dedicated area includes portions of Roger Mills, Ellis, Dewey and Custer counties in Oklahoma and Hemphill and Lipscomb counties in Texas.
"This project further enhances our expanding presence in what is consistently among the top five economic plays in the country," said Enogex President Keith Mitchell. "With this dedication, we now have more than 600,000 net acres of long-term…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations