One-Page Deal Sheet
MarkWest To Acquire Granite Wash Assets
Markwest Energy Partners, L.P. Chesapeake Energy Corp
Announced Date
May 08,2013
Transaction Type
Asset
Location
Region
Mid-Continent
Country
United States
State
Texas
County
Hemphill
Play
Transaction Details: Require Private Equity Subscription
MarkWest Energy Partners, L.P. announced today the execution of definitive agreements to acquire 100% of the ownership interests of certain midstream assets in the Anadarko Basin from a wholly owned subsidiary of Chesapeake Energy Corporation (NYSE: CHK) (Chesapeake), for consideration of $245 million in cash. The transaction closed simultaneously with the execution of the agreements.
AssetsThe acquired assets consist of a 200 million cubic feet per day (MMcf/d) cryogenic gas processing plant (Buffalo Creek Plant) and 22 miles of gas gathering pipeline in Hemphill County, Texas, and…
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