Ex-Chesapeake Head Raises $1.7B For Utica Shale Venture

Law360, New York (October 9, 2013, 2:07 PM EDT) -- American Energy Partners LP, the upstart launched by ousted Chesapeake Energy Corp. co-founder and former CEO Aubrey McClendon, has raked in roughly $1.7 billion in private equity commitments and new debt to back exploration initiatives focused on eastern Ohio’s resource-rich Utica Shale formation.

The Energy & Minerals Group led the pack of equity investors, while Blackstone Group LP unit GSO Capital Partners was the top debt provider. Additional support came from First Reserve Corp., BlackRock and company management, among other players. American Energy did not give...
To view the full article, register now.