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Tuesday, June 24, 2014

American Energy Partners Starts Midstream Company

From Reuters:
American Energy Partners LP, founded by former Chesapeake Energy Corp chief executive, Aubrey McClendon, and private equity firm Energy & Minerals Group, have formed a company to invest in oil and gas pipeline and processing assets.

American Energy Midstream will invest in shale formations where the firms are operating, including the Marcellus and Utica shales in Pennsylvania and Ohio, the Permian Basin in West Texas and the Woodford in Oklahoma, the companies said on Wednesday.
Read a little bit more by clicking here.

It's interesting to watch McClendon continue to expand and grow American Energy Partners as Chesapeake Energy continues to fire sale assets and streamline their operations.  Is he directing the ship at this new company towards the same rocky waters that Chesapeake has had to navigate over these past couple of years, or will McClendon be vindicated?  Only time will tell.

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