Chesapeake Midstream Partners Announces Bob Purgason Joins Company as Chief Operating Officer

OKLAHOMA CITY, Dec 15, 2009 (BUSINESS WIRE) -- Chesapeake Midstream Partners, L.L.C. (CMP), the recently formed 50-50 partnership between Global Infrastructure Partners, L.P., and Chesapeake Energy Corporation (NYSE:CHK) that purchased and operates CHK’s Barnett, Permian and Mid-Continent gas gathering and treating assets, today announced the hiring of Robert S. Purgason to fill the newly created position of Chief Operating Officer. Bob joins CMP after 30 years of diversified experience in the natural gas, power generation and midstream sectors, having most recently served as Chief Operating Officer and Executive Vice President at Crosstex Energy Services, L.P. Bob will assume responsibility for all asset operations and commercial activities within CMP, including primary oversight and coordination with CHK for CMP’s operations.

Bob graduated with a Bachelor of Science degree in Chemical Engineering from the University of Oklahoma and is a recognized industry leader. He has served on the Board of Directors of the Texas Pipeline Association, the Gas Processors Association, the Board of Visitors Dean’s Advisory Council for the College of Engineering at The University of Oklahoma, the Advisory Board for the Chemical, Biological & Materials Engineering School at The University of Oklahoma and has authored numerous technical and marketing papers.

Management Comments

J. Mike Stice, CMP’s Chief Executive Officer, commented, “We are extremely pleased to have Bob join the CMP senior management team. We look forward to leveraging the exceptional talents Bob brings to CMP as we continue to develop what we believe will be one of the premier midstream companies in the U.S.”

Chesapeake Midstream Partners, L.L.C. (CMP) is a joint venture created by Chesapeake Energy Corporation (NYSE: CHK) and Global Infrastructure Partners to own, operate, develop and acquire natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, the company’s operations are focused on the Fort Worth Barnett Shale and Mid-Continent regions of the U.S. The company currently gathers more than 1.5 billion cubic feet of natural gas per day on its systems. Chesapeake Energy Corporation is one of the leading producers of natural gas in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on the development of onshore unconventional and conventional natural gas in the U.S. in the Barnett Shale, Haynesville Shale, Fayetteville Shale, Marcellus Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and East Texas regions of the United States. Further information is available at www.chk.com.

Global Infrastructure Partners (“GIP”) is an independent private equity fund that invests worldwide in infrastructure assets in both OECD and select emerging market countries. GIP targets investments in single assets, and portfolios of assets and companies, in power and utilities, natural resources infrastructure, air transport infrastructure, seaports, freight railroad, water distribution and treatment and waste management. GIP has offices in New York, London, Hong Kong and Sydney and portfolio operations headquarters in Stamford, Connecticut. Further information is available at www.global-infra.com.

 

SOURCE: Chesapeake Energy Corporation and Chesapeake Midstream Partners, L.L.C.

Jeffrey L. Mobley, CFA, 405-767-4763
Senior Vice President -
Investor Relations and Research
Chesapeake Energy Corporation
jeff.mobley@chk.com
or
J. Mike Stice, 405-935-6134
Senior Vice President -
Natural Gas Projects
Chesapeake Energy Corporation
and Chief Executive Officer -
Chesapeake Midstream Partners, L.L.C.
mike.stice@chk.com