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News Breaks
December 11, 2012
17:44 EDTWMB, ACMP, CHKWilliams to invest $2.4B in ACMP, ACMP acquires Chesapeake assets for $2.16B
Williams (WMB) Agrees to Acquire 50% Interest in Access Midstream Partners GP (ACMP), and Approximately 25% of the Limited Partner Units of Access Midstream Partners, LP for Approximately $2.4B; ACMP to Acquire Most of Chesapeake's (CHK) Remaining Gathering & Processing Assets for $2.16B. Following the Access Midstream transaction, Williams and GIP, each 50% percent owners of Access GP, will have equal governance rights; ACMP will be governed by its board in accordance with its governance documents. Williams will have the right, upon closing of the transactions announced today, to appoint certain of its representatives as directors to Access GP's board.
News For WMB;ACMP;CHK From The Last 14 Days
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October 1, 2014
12:18 EDTCHKChesapeake says capital efficiency is main driver for company looking forward
The company said it is focusing on financial discipline, adding thing it is time to grow without increasing its capital base. Chesapeake said it will continue to look aggressively at growing its position, but it can grow production and reserve position just by focusing on what they own today. Chesapeake said it is pleased with the progress it has made, but is nowhere it wants to be. Targets 2014 production growth of 9%-12%. Says capital efficiencies is coming in everything they do, including cycle times. Says liquidity remains strong, approach $4B. The company said its 2014 CapEx is $5.8B compared to $15B in 2012. Continues to anticipate year-end 2014 exit rate will exceed 730,000 boe per day. Comments taken from Deutsche Bank Annual Leveraged Finance Conference.
07:20 EDTCHKDeutsche Bank to hold a conference
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September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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