Access Midstream Partners to acquire midstream gathering and processing assets from Chesapeake Energy Corporation for $2.16 billion
Clients Access Midstream Partners, L.P.
Jones Day advised Access Midstream Partners, L.P. in its acquisition of 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. 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.
Concurrent to the acquisition, Jones Day also advised in connection with Global Infrastructure Partners' sale of interest in Access Midstream Partners to Williams and the planned strategic investment by GIP and Williams.