Access Midstream Partners LP (NYSE: ACMP) is buying oil and gas assets from MidCon Compression LLC for $160 million.
The deal gives Access Midstream natural gas compression assets in the Utica Shale and Marcellus Shale regions.
The Oklahoma City-based buyer expects the deal to internalize part of its compression expenses.
MicCon is a subsidiary of Chesapeake Energy Corp. (NYSE: CHK), an energy company headquartered in Oklahoma City.
The transaction comes during a busy time for the oil and gas sector. In February, Atlas Resource Partners LP (NYSE: ARP) picked up natural gas reserves for $107 million. Before that, New Source Energy Partners LP (NYSE: NSLP) bought working interests in oil producing wells in Oklahoma from Constellation Energy Partners.