US' Chesapeake forms midstream joint venture

摘要

Washington-Selling half of its Midcontinent midstream operations to a New York private equity fund will net Oklahoma City-based Chesapeake Energy almost $600 million, the independent gas producer said September 25. The joint-venture deal marks the latest in a two-year string of transactions that brings short-term cash to the debt-laden producer in exchange for long-term participation in Chesa-peake's business.