Access Midstream Partners completed a major move toward greater diversity as 2012 came to close when it completed its acquisition of the Chesapeake Midstream Development (CMD) natural gas processing, fractionation and natural gas liquids (NGL) pipelines from its former general partner Chesapeake Energy for $2.16 billion.

The agreement brought in assets from the Eagle Ford, Utica and Niobrara that are well-known to executives at Access Midstream, which was previously known as Chesapeake Midstream Partners. “This acquisition allows our very talented midstream organization to remain together,” Mike Stice, Access Midstream’s chief ...