Global Infrastructure Partners (GIP) has announced the completed acquisition of Chesapeake Energy Corp.’s ownership interests in Chesapeake Midstream Partners, its pipeline subsidiary, for $2 billion. GIP now owns 100 percent of the Chesapeake Energy’s general partner interest and 69 percent of limited partner units. Chesapeake also is in the process of negotiating the sale of certain assets to Chesapeake Midstream Partners and the sale of its interests in its Chesapeake Midstream Development LP subsidiary to GIP, an infrastructure investment fund founded by Credit Suisse and General Electric Co.

Chesapeake Energy produces natural gas and is focused on discovering and developing unconventional natural gas and oil fields onshore i