FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CHESAPEAKE MIDSTREAM HOLDINGS LLC
2. Issuer Name and Ticker or Trading Symbol

Chesapeake Midstream Partners, L.P. [ CHKM ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

777 NW GRAND BOULEVARD
3. Date of Earliest Transaction (MM/DD/YYYY)

8/3/2010
(Street)

OKLAHOMA CITY, OK 73118
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Units   8/3/2010     A    23913061   (1) (2) A   (2) 23913061   I   See footnote   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Subordinated Units     (3) 8/3/2010     A      34538061   (1)        (3)   (3) Common Units   34538061   $0   (3) 34538061   I   See footnote   (1)

Explanation of Responses:
( 1)  This form is jointly filed by Chesapeake Energy Corporation ("Chesapeake") and Chesapeake Midstream Holdings, L.L.C. ("Midstream Holdings").
( 2)  Pursuant to the Contribution, Assignment and Assumption Agreement, which Midstream Holdings, the Issuer and the other parties thereto entered into prior to the time the Securities and Exchange Commission declared the Issuer's Registration Statement on Form S-1 (Registration No. 333-164905) (the "Registration Statement") effective, Midstream Holdings exchanged their existing ownership interests in an affiliate of the Issuer for 23,913,061 Common Units and 34,538,061 Subordinated Units, which Common Units and Subordinated Units Midstream Holdings received upon the closing of the Issuer's initial public offering on August 3, 2010.
( 3)  The Subordinated Units will convert into Common Units on a one-for-one basis at the end of the subordination period described in the Registration Statement.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CHESAPEAKE MIDSTREAM HOLDINGS LLC
777 NW GRAND BOULEVARD
OKLAHOMA CITY, OK 73118
X X

CHESAPEAKE ENERGY CORP
6100 NORTH WESTERN AVENUE
OKLAHOMA CITY, OK 73118
X X


Signatures
/s/ Marc D. Rome, on behalf of Chesapeake Midstream Holdings, L.L.C. 8/5/2010
** Signature of Reporting Person Date

/s/ Marc D. Rome, on behalf of Chesapeake Energy Corporation 8/5/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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