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McClendon Wheels And Deals In Utica, Raises Another $500 Million For Acquisitions

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By Darren Barbee, Hart Energy
January 30, 2014

Aubrey McClendon’s American Energy Capital Partners LP has $500 million more to play with, after a subsidiary raised the money for oil and gas acquisitions.

McClendon has been barnstorming the Utica for months. Carrizo Oil & Gas Inc. (NasdaqGS: CRZO) said the company has attempted to acquire more acreage there, but competition is high and it has been outbid on three recent deals to an unknown party. Management thinks McClendon’s new firm might be the winner, said David Tameron, Wells Fargo Securities LLC senior analyst, in a Jan. 28 report. ...

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