Enogex acquires approx. 235 miles of natural gas gathering assets from Chesapeake Midstream Development
Clients Enogex, LLC
Jones Day advised Enogex, LLC, in the $80.5 million acquisition of approximately 235 miles of natural gas gathering assets from Chesapeake Midstream Development, L.P., and certain subsidiaries of Access Midstream Partners, L.P.
The transaction also includes a 15-year agreement with two subsidiaries of Chesapeake Energy Corporation, including Chesapeake Energy Marketing, Inc., 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.