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McClendon starts new energy company down the street from Chesapeake

“I am not scared of natural gas,” McClendon says in email.
by Brianna Bailey Modified: April 17, 2013 at 10:34 pm •  Published: April 18, 2013
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A new flat-screen television in the lobby of the Harvey Parkway building displays logos for all three companies, all of which are headquartered on the sixth floor. Several parking spaces in front of the building are also marked with fresh paint as reserved for American Energy.

Chesapeake Energy owned the Harvey Parkway office building until December, when it sold it to a local investment group. Construction at the office building is still ongoing, but there is an office staffed with a receptionist on the sixth floor that is now open.

American Energy also has a website, aep-lp.com, although it only displays a photo of a drilling rig and the company logo.

McClendon is bound by noncompete agreement with Chesapeake that bars him for six months from using any insider knowledge from his work at Chesapeake and also prohibits him from any acquisitions or development of oil and gas near leases that Chesapeake holds.

The six-month noncompete period begins when Chesapeake has made all severance payments to McClendon, which is scheduled for Dec. 31, 2016, a source told The Oklahoman earlier this year. McClendon's employment contract also bans him from trying to lure employees or vendors away from Chesapeake for his own gain.

Chesapeake did not respond to requests for comment on Wednesday.

by Brianna Bailey
Business Writer
Brianna Bailey has lived in Idaho, Germany and Southern California, but Oklahoma is her adopted home. She has a bachelor's degree in Journalism from the University of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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