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Chesapeake Energy Corporation Announces Partnership with M3 Midstream LLC and EV Energy Partners, L.P. to Build the Largest Integrated Midstream Service Complex in Eastern Ohio for Approximately $900 Million

OKLAHOMA CITY & HOUSTON--(BUSINESS WIRE)--Chesapeake Energy Corporation (NYSE:CHK) today announced the execution of definitive agreements to build the largest integrated midstream service complex in eastern Ohio. Chesapeake, through affiliates of its wholly owned subsidiary, Chesapeake Midstream Development, L.P. (CMD), has entered into a partnership with M3 Midstream LLC (Momentum) and EV Energy Partners, L.P. (NASDAQ:EVEP) to develop the midstream services complex. The complex will provide necessary infrastructure to process natural gas and natural gas liquids (NGL) in the liquids-rich Utica Shale play in eastern Ohio.