American Energy Pays $251M For Okla. Shale Stakes

Law360, New York (November 13, 2014, 1:38 PM EST) -- A unit of private equity-backed American Energy Partners LP has paid $251 million to acquire stakes in two key Oklahoma shale plays from Double Eagle Energy Holdings LLC and others, the company said Wednesday.

American Energy – NonOp LLC, known as AENO, has completed a series of transactions with Double Eagle and several unnamed companies to purchase nonoperated working interests in properties in the SCOOP and STACK resource plays of southern and central Oklahoma, the company said in a statement.

AENO has obtained a $250 million credit facility led by MUFG Union Bank NA in connection with the deal, with an initial...

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