McClendon's American Energy units to acquire acreage in major US basins

06/16/2014
American Energy–Permian Basin LLC (AEPB), American Energy–Utica LLC (AEU), and American Energy-Marcellus LLC (AEM), all affiliates of Oklahoma City-based American Energy Partners LP (AEP), have each signed agreements to acquire acreage in the Permian, Utica, and Marcellus basins, respectively, in deals totaling $4.25 billion. The moves mark the entry of AEP into the Permian and southern Marcellus. The company, which already has a presence in the Utica, was launched in April 2013 by former Chesapeake Energy Corp. Chief Executive Officer Aubrey K. McClendon "to capitalize on opportunities available in unconventional resource plays onshore in the US." The AELP platform over the pas...
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