HOUSTON, March 17, 2014 -- Texas Lawyer editors recognized Baker Botts’ work on Chesapeake Energy Corp.’s estimated $520 million sale of its midstream compression assets to Access Midstream Partners and Exterran Partners in its “Deal of the Week” feature for March 17, 2014. Baker Botts represented Chesapeake Energy Corp. in the transaction.
On February 28, Chesapeake announced the execution of two agreements -- Access Midstream and Exterran agreed to purchase 437 compression units and related assets from Chesapeake subsidiary MidCon Compression in two separate transactions. The purchases are expected to close by the end of the second quarter, subject to certain closing conditions.
Houston-based Exterran has agreed to buy 334 units that serve gathering systems in Arkansas, Louisiana, Oklahoma and Wyoming for $360 million. Access Midstream, of Oklahoma City, has agreed to buy 103 compression units that serve gathering systems in Ohio, Pennsylvania and West Virginia for $160 million.
The Baker Botts team that assisted in this transaction includes: Hillary Holmes (Partner, Houston); Katie Ryan (Senior Associate, Houston); Travis Wofford (Associate, Houston); Eileen Boyce (Associate, Houston); James Chenoweth (Partner, Houston); Matt Larsen (Partner, Dallas); Zackary Pullin (Associate, Houston); Gail Stewart (Partner, Houston); Chris Pratt (Special Counsel, Houston); Scott Janoe (Partner, Houston); Michael Bodosky (Special Counsel, Washington); Thomas Fina (Partner, Washington).
The original news story on this transaction can be found here.
The entire Texas Lawyer article can be found here.
About Baker Botts L.L.P.
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