Aubrey McClendon has resurfaced, and he appears bent on taking on the Utica.
McClendon, the former Chesapeake Energy CEO, has raised $1.7 billion in capital and now, with a new joint-venture agreement, has even more firepower.
Red Hill Development, part of the family owned Kimble Cos., has entered a JV with McClendon’s American Energy-Utica LLC (AEU) for development of a portion of Red Hill’s Utica shale acreage located in Eastern Guernsey and Western Harrison County. Those areas are in the core of the wet gas window.
Reports suggest the ...