Ex-Chesapeake Head Gets $500M For Onshore Ventures

Law360, New York (January 29, 2014, 11:18 AM EST) -- American Energy Partners LP, the fledgling energy firm started by ousted Chesapeake Energy Corp. CEO Aubrey McClendon, said Wednesday that it has raised up to $500 million to scoop up stakes in onshore oil and natural gas deposits across the United States.

The upstart did not give a breakdown of its newest investor commitments, saying only that Houston-based Energy & Minerals Group — recently spun out from NGP Energy Capital Management LLC — was the lone private equity firm involved. The management team behind an American...
To view the full article, register now.