American Energy Drops $726M On Texas Acreage

By Keith Goldberg (October 29, 2014, 2:51 PM EDT) -- Private equity-backed American Energy Partners LP has increased its presence in Permian Basin of west Texas, saying Tuesday that it's spent $726 million in a series of deals over the past three months to acquire thousands of acres of leased land and oil production in the oil-rich region.

American Energy Partners unit American Energy – Permian Basin LLC said it's completed or entered into definitive agreements with multiple unnamed sellers to acquire net production of approximately 1,400 barrels of oil equivalent per day and approximately 27,000 net acres of leasehold in the Wolfcamp shale play in the Permian's Midland Basin....

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