PE-Backed American Energy Raises $500M For Shale Buys

Law360, New York (December 1, 2014, 2:28 PM EST) -- An affiliate of private-equity backed American Energy Partners LP has raised $500 million in equity commitments to step up investment in the U.S. shale boom, acquiring minerals and royalty interests across several resource-rich onshore basins, it said Monday.

American Energy Minerals Holdings LLC closed Sunday on the first round of $350 million in equity funding, American Energy Partners said, money that will be used to buy 28,000 mineral acres and 29,000 acres of overriding royalty interests across four regions the Oklahoma City company is developing: the Utica Shale, which spans Ohio, New York, and Canada; the Marcellus Shale, spanning several states...

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