Text Size:
A | A

McClendon’s American Energy Snatches Up 130,000 More Acres In Utica

Text Size: A | A
By Emily Moser, Hart Energy
February 3, 2014

Aubrey McClendon's American Energy Partners LP is racking up its holdings in the Utica shale.

American Energy-Utica LLC (AEU), an affiliate of American Energy Partners, announced Feb. 3 that it signed three agreements to acquire 130,000 net acres in the southern Utica shale play. McClendon founded both Oklahoma City-based companies and is their chairman and CEO.

On Jan. 29, Hess Corp. (NYSE: HES) announced the disposition of 74,000 acres in the Utica for $924 million to an undisclosed buyer. Charlie Rexford, a spokesman for American Energy, confirmed it was the ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription