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American Energy-Woodford Raises $500 Million In Equity

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February 24, 2014

Oklahoma City-based American Energy-Woodford LLC , an affiliate of American Energy Partners LP, raised $500 million in equity aimed at a business plan for the Woodford shale-Mississippi Lime area of north-central Oklahoma, the company said Feb. 24.

Additionally, $180 million in bank borrowings was secured, the company noted. American Energy-Woodford’s bank credit facility is led by Texas Capital Bank, the company said.

American Energy-Woodford's private-equity investor is Houston-based The Energy & Minerals Group, but American Energy-Woodford noted that additional equity also came from elsewhere, as well as its own management. ...


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