AEP units complete Marcellus, Utica acquisitions
Two affiliates of American Energy Partners LP (AEP) have closed on acquisitions of assets totaling $1.75 billion.
American Energy–Marcellus LLC (AEM) has completed its acquisition of 48,000 net acres in Doddridge, Harrison, Marion, Tyler, and Wetzel Counties, W.Va., from East Resources Inc. and an unnamed private company for $1.275 billion. Capital raised by AEM now totals $1.8 billion.
American Energy–Utica LLC (AEU) has completed its acquisition of 27,000 net acres in Monroe County, Ohio, from the same two companies for $475 million. Capital raised by AEU now totals $3.156 billion.
American Energy–Permian Basin LLC last week completed its acquisition of 63,000 net acres and associated gathering assets in the southern Permian basin from affiliates of Enduring Resources LLC for $2.5 billion (OGJ Online, Aug. 1, 2014).