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McClendon's American Energy forming midstream company

Jay F. Marks Modified: June 18, 2014 at 5:20 pm •  Published: June 18, 2014
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Aubrey McClendon’s American Energy Partners LLC is teaming with primary investor The Energy and Minerals Group to form a pipeline company

American Energy-Midstream LLC will focus primarily in areas where affiliates of McClendon’s company have active upstream operations.

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. The Energy and Minerals Group is the lead equity investor in each of those companies.

American Energy’s new midstream company plans to build a midstream portfolio comprised of natural gas gathering and processing systems and long-haul pipelines in each of those plays.

American Energy, which was founded last year by former Chesapeake Energy Corp. CEO McClendon, has raised about $10 billion in committed equity and debt capital.