One-Page Deal Sheet
SemGroup Picks Up Chesapeake's MissLime Midstream Assets
Semgroup Corporation Chesapeake Energy Corp
Announced Date
May 02,2013
Close Date
August 01,2013
Transaction Type
Corporate
Transaction Details: Require Private Equity Subscription
Closing Announcement - August 1, 2013
SemGroup(R) Corporation has completed its previously disclosed acquisition of the gas gathering and processing assets owned by Chesapeake Energy Corporation, located in the Mississippi Lime play for $300 million in cash.
Approximately $125 million of additional capital expenditures will be required for the completion of the Rose Valley plants I and II, as well as additional capital related to future well connects.
Acquisition Highlights:
200 miles of gathering pipeline; Rose Valley I plant: 200 mmcfd cryogenic processing plant, expected to be…