Williams Partners and Access Midstream reveal details of merger agreement.
The assets are expected to generate about $40 million in annual adjusted EBITDA in 2014.
The acreage is centrally located in the most prospective portion of the Eagle Ford Shale's volatile oil window.
The JV structure should deliver positive cash flow for the company throughout the life of the project.
The company’s Permian Basin core holdings should expand, an analyst says.
Chesapeake parted with 413,000 net acres and about 1,500 wells including 435 in the Marcellus and Utica.