Chesapeake Energy to sell nat gas compression units for $520 mln

Reuters

Feb 28 (Reuters) - Chesapeake Energy Corp said it would sell 437 natural gas compression units and related assets in two separate deals to Access Midstream Partners LP and Exterran Partners LP for a total of $520 million.

Chesapeake, which said earlier this month that it would cut spending by 20 percent this year, is selling assets to plug a $1 billion gap between operating cash flow and capital expenditure.

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