Aubrey McClendon’s new company secures $1.7 billion to drill in Ohio

American Energy Partners LP, the company founded by former Chesapeake Energy Corp. CEO Aubrey McClendon, has about $1.7 billion at its disposal to jump-start operations in Ohio’s Utica Shale.

BY JAY F. MARKS Published: October 10, 2013
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Aubrey McClendon’s new company has lined up about $1.7 billion to hunt for oil and natural gas in Ohio’s Utica Shale.

American Energy — Utica LLC, a subsidiary of McClendon’s American Energy Partners LP, has raised a blend of private equity commitments and loans to fund operations in eastern Ohio, it announced Wednesday.

The company intends...

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