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Chesapeake Represented by Bracewell in $2.16 Billion Sale of Midstream Assets

December 11, 2012

HOUSTON — Bracewell & Giuliani is representing Chesapeake Energy Corporation in its agreement to sell a substantial majority of its remaining midstream assets to Access Midstream Partners, L.P. for approximately $2.16 billion. The assets are located primarily in the company’s Marcellus, Utica, Eagle Ford, Haynesville, and Niobrara shale plays.

The transaction with Access includes new market-based gathering and processing agreements covering various acreage dedication areas and is expected to close by the end of 2012.

Bracewell attorneys involved in the transaction are:

Partners: G. Alan Rafte, Daniel E. Hemli, Bruce R. Jocz, Elizabeth L. McGinley, Gray H. Muzzy, Connie S. Stamets, Michael S. Telle, Tim Wilkins

Associates: Andrew J. Gajkowski, Christopher J. Miller, Scott M. Muehlberger, Vivian Ouyang, Michael De Voe Piazza, Adam B. Shane