Chesapeake Energy today announced it agreed to sell $520 million in midstream compression units to Access Midstream Partners and Exterran Partners. Access will spend $160 million on 103 compression units that service gathering systems in Ohio, Pennsylvania and West Virginia. Exterran will buy 334 units that service systems in Arkansas, Louisiana, Oklahoma, Texas and Wyoming. The units being sold belong to Chesapeake subsidiary MidCon Compression.
Earlier this week Chesapeake announced it was pursuing a sale or spin-off of its $2.2 billion oilfield services division.
