Former Chesapeake Energy Corp (CHK) CEO Aubrey McClendon is leading an investor group set to buy Enduring Resources LLC in a deal that could value the oil and natural gas producer at more than $2 billion, people familiar with the matter said on Friday.
McClendon, who was a major figure in the U.S. energy industry before being ousted from Chesapeake last year in the aftermath of a governance scandal and liquidity crisis, remains a prominent shale dealmaker who has amassed wells and leaseholds in the Utica.
Denver, Colorado-headquartered Enduring Resources is partly owned by buyout firm EnCap Investments LP and has oil and gas producing operations in Utah and West Texas. The company has been working alongside Jefferies on its sale, the people said.Read the entire article by clicking here.
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