Old news, May 1, didn't see it until now,
Motley Fool is reporting:
Chesapeake sold Mississippli Lime assets to Sem Group --
In the latest of a string of divestments, the company has inked an agreement to sell its Midstream Gas Services subsidiary to SemGroup for a cash payment of $300 million.
The unit operates a set of gas gathering and processing assets
located in the Mississippi Lime play. These include 200 miles of
gathering pipeline, and a pair of cryogenic processing plants currently
under construction. The first of the two plants is expected to come
onstream in Q1 2014, while the second is planned to be operational in Q1
2016. Combined, both require additional capital expenditures of roughly
$125 million, plus investment into future well connects.
No comments:
Post a Comment