One-Page Deal Sheet
Access Midstream Acquires Assets from Chesapeake Energy
Access Midstream Partners, L.P. Chesapeake Energy Corp
Announced Date
December 11,2012
Close Date
December 11,2012
Transaction Type
Asset
Location
Region
Gulf Coast - South Texas,Northeast,Mid-Continent,Rockies - DJ Basin
Country
United States
State
Pennsylvania
Play
Transaction Details: Require Private Equity Subscription
Access Midstream Partners, L.P. today announced it has agreed to acquire Chesapeake Midstream Operating, L.L.C., a wholly owned subsidiary of Chesapeake Midstream Development, L.L.C., from Chesapeake Energy Corporation for $2.16 billion in cash.
The acquisition adds natural gas gathering and processing assets in the Eagle Ford, Utica and Niobrara liquids-rich plays and expands Access’ existing position in both the Haynesville and Marcellus dry gas plays. Separately, Access and Chesapeake have agreed to extend Access’ exclusivity period with respect to Chesapeake’s remaining assets in the…