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Tuesday, September 3, 2013

Aubrey McClendon Faces Legal Challenge as He Focuses New Company on Utica Shale

From The Salem News:
Aubrey McClendon has returned to Columbiana County after parting ways with Chesapeake Energy earlier this year.
His new venture, American Energy Partners, has been running advertisements expressing its interest in securing oil and gas leases in Jefferson, Harrison, Guernsey, Noble, Belmont and Monroe counties.
The advertisement says the company is offering "very attractive terms and we then are committed to drilling your leases as quickly as possible. Please note: We are drillers, not lease flippers!"
"The ad speaks for itself. We're interested in local oil and gas leases," said Robert Kelly, chief legal counsel for American Energy, when contacted Wednesday.
Read the rest of that article here.

Meanwhile, McClendon's new company has become the target of a lawsuit already.

From The Intelligencer/Wheeling News-Register:
Robert Murray said he had a hard enough time dealing with natural gas companies who tried to drill through American Energy Corp. coal seams last year.
But when former Chesapeake Energy chief executive officer Aubrey McClendon decided to start a new company named American Energy Partners that is acquiring assets with the intent to drill throughout Ohio's Utica Shale, Murray decided he had gone too far.
Murray, founder and chief executive officer of Murray Energy Corp., on Friday announced he is suing McClendon for "misappropriation and infringement of American Energy Corp.'s trade name."
You can read more about that story here.

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