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Stock Market & Financial Investment News

News Breaks
February 28, 2014
09:02 EDTACMP, EXLP, CHK, EXHChesapeake announces midstream compression asset sales
Chesapeake Energy Corporation (CHK) announced the execution of two agreements to sell midstream compression assets for total proceeds of approximately $520M. Access Midstream Partners, L.P. (ACMP) and Exterran Partners, L.P. (EXLP) have agreed to purchase an aggregate of 437 compression units and related assets from Chesapeake subsidiary MidCon Compression, L.L.C. in two separate transactions which, subject to certain closing conditions, are expected to close before the end of the 2014 second quarter. Access Midstream Partners has agreed to purchase 103 compression units with a combined capacity of approximately 200,000 horsepower for $160M. The units service gathering systems in Ohio, Pennsylvania and West Virginia. Exterran Partners has agreed to purchase 334 compression units with a combined capacity of approximately 440,000 horsepower for approximately $360M. The units service gathering systems in Arkansas, Louisiana, Oklahoma, Texas and Wyoming. Chesapeake’s CFO, Domenic J. Dell’Osso, Jr., commented, “Chesapeake continues to streamline its overall portfolio to focus on our core assets. These sales are consistent with this strategy and will generate more than $500M towards improving our balance sheet, while having minimal impact on our 2014 cash flow guidance.”
News For EXLP;EXH;CHK;ACMP From The Last 14 Days
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August 28, 2015
12:01 EDTCHKStocks with call strike movement; CHK SWN
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August 21, 2015
07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
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August 19, 2015
16:00 EDTCHKOptions Update; August 19, 2015
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August 18, 2015
16:00 EDTCHKOptions Update; August 18, 2015
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