Tulsa-based pipeline operator Williams announced that a bankruptcy court has approved its agreement to take ownership of some Chesapeake Energy assets in exchange for accepting lower gas gathering fees. As part of that agreement, Williams said, it received a payment of $112 million from Chesapeake upon court approval related to all pre-petition and past due receivables associated with midstream expenses per the existing contracts. Chesapeake agreed that it will make no attempt to reject Williams' gathering agreements in the Eagle Ford, Marcellus or Mid-Con areas.
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