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Aubrey McClendon getting back into midstream business

Aubrey McClendon’s American Energy Partners LP plans to form a midstream company with The Energy and Minerals Group.
By Jay F. Marks, Business Writer Published: June 19, 2014
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American Energy Partners LP is getting into the midstream business.

Aubrey McClendon’s company and its lead investor on Wednesday announced the formation of a new affiliate to invest in oil and natural gas pipelines.

American Energy-Midstream LLC will focus on areas where other affiliates of American Energy Partners and The Energy and Minerals Group have active upstream operations.

The company plans to build a portfolio of assets focused on natural gas gathering and processing systems and long-haul pipelines associated with American Energy’s four play-specific affiliates.

American Energy has affiliates operating in Oklahoma’s Woodford Shale, west Texas’ Permian Basin, Ohio’s Utica Shale and the Marcellus Shale in West Virginia.

About the company

McClendon, who co-founded Chesapeake Energy Corp. with former partner Tom Ward, created American Energy last year.

The company has raised about $10 billion in committed equity and debt capital in the past nine months, with The Energy and Minerals Group as its largest investor.

American Energy announced last week it had struck deals to spend more than $4 billion on acreage in Texas, Ohio and West Virginia.


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