Access Midstream: Major Expansion of Utica Processing Facility
Seems like Chesapeake Energy and its old subsidiaries can't get enough of...Aubrey McClendon?! MDN told you in April that Cheapeake Energy is leasing some of its rigs to its former CEO, Aubrey McClendon, for drilling in the Utica Shale (see Aubrey McClendon Leases Rigs from Chesapeake to Drill in the Utica). Yesterday came word that Access Midstream (used be called Chesapeake Midstream before Chessy spun it off into its own company) is planning a major expansion of its Utica East Ohio natgas processing facility in eastern Ohio. Why? Three existing customers need more capacity--but also because they've picked up a brand new long-term, VIP customer. Can you guess who it is?
Here's the press release from Access about the coming expansion of UEO which will give them a capacity to process 1.1 billion cubic feet per day of natural gas...
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