Atlas Pipeline Partners acquires $1.85 billion Anadarko interests in Chaney Dell and Midkiff/Benedum Systems
Clients Atlas Pipeline Partners
Jones Day advised Atlas Energy Resources LLC in the $1.85 billion acquisition by its affiliate Atlas Pipeline Partners L.P. (APL) of Anadarko Petroleum Corporation's interests in the Chaney Dell and Midkiff/Benedum natural gas gathering and processing systems.
The Chaney Dell natural gas gathering and processing system is located in northwest Oklahoma and southern Kansas, near the center of the Anadarko Basin. Throughput on the Chaney Dell system averaged 226 Mmcf/d in 2006, and is centered within an active drilling area.
The Midkiff/Benedum natural gas gathering and processing system is located in the Spraberry Trend of the Permian Basin, near Midland, Texas. In 2006, the Midkiff/Benedum system had approximately 139 Mmcf/d of average throughout. In addition to M&A representation, Jones Day provided oil & gas and capital markets advice.