NEW YORK - Natural gas infrastructure company Chesapeake Midstream Partners LP on Tuesday filed for an initial public offering of up to $345 million.

The Oklahoma City-based company, which is a limited partnership between Chesapeake Energy Corp and Global Infrastructure Partners, treats, compresses and transports natural gas from wellheads to third party pipelines.

The company said it operates in the Barnett Shale region of north central Texas and in the Mid-Continent region of the U.S. including the Anadarko, Arkoma, Delaware and Permian Basins.

Chesapeake Midstream reported revenue of $358.9 million in the nine months ended Sept. 30, up 52.9 percent from a year earlier. The company posted a net loss of $17.4 million compared with a profit of $165.9 million in the year-earlier period.

Operating expenses grew by more than 50 percent and depreciation and amortization and general and administrative expenses more than doubled. The company also posted an impairment expense of over $90 million.

Chesapeake Energy accounted for about 98 percent of revenue in the nine months ended Sept. 30.

Chesapeake Midstream said it would use proceeds from the offering to repay outstanding credit, for capital expenditures, working capital, and general purposes including acquisitions.

The underwriters are being led by Citi and Morgan Stanley. The company plans to list on the New York Stock Exchange under the symbol CHM.N. (Reporting by Clare Baldwin in New York, editing by Dave Zimmerman)