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McClendon's company hires former Chesapeake executive

by Jay F. Marks Published: November 11, 2013
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American Energy Partners LP on Monday announced the hiring of former Chesapeake Energy Corp. executive Jeff Fisher as its chief operating officer.

Chesapeake co-founder Aubrey McClendon established American Energy earlier this year after being forced out by the reconstituted board at Chesapeake. It is based just down the road from the Chesapeake campus.

Fisher was fired from Chesapeake in August as new CEO Doug Lawler began a reorganization that eventually included about 900 layoffs.

Fisher, an Oklahoma State University graduate, spent 10 years at Chesapeake, ending his tenure there as executive vice president of production. He also worked for BP, Vastar and Arco.

American Energy credited Fisher with helping Chesapeake become the second largest producer of natural gas in the U.S.

Fisher oversaw an operations team with more than 2,000 employees, 23,000 operated wells and 40,000 total properties, according to American Energy’s news release. He also supervised more than 12,000 well completions and assisted in running a drilling program that at one time reached 175 rigs, the most active drilling program in U.S. E&P history.

American Energy announced last month it had secured $1.7 billion in loans and private equity commitments to acquire leasehold in Ohio’s Utica Shale. The company expects to have 12 rigs active there in the next couple of years.

by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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