Aubrey McClendon Forms Second Company - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

Aubrey McClendon Forms Second Company

Posted: Updated:
CNBC reports that McClendon is on the verge of closing a $1.8 billion equity and debt financing deal for American Energy Utica, which will focus its efforts on reserves in Ohio's Utica Shale. CNBC reports that McClendon is on the verge of closing a $1.8 billion equity and debt financing deal for American Energy Utica, which will focus its efforts on reserves in Ohio's Utica Shale.
OKLAHOMA CITY -

Six months after leaving Chesapeake Energy, founder and longtime CEO Aubrey McClendon has founded a second oil and gas company.

CNBC reports that McClendon is on the verge of closing a $1.8 billion equity and debt financing deal for American Energy Utica, which will focus its efforts on reserves in Ohio's Utica Shale.

The company will purchase 80,000 acres and is expected to have 12 rigs operating within two to three years, CNBC reported, quoting investors in the company.

The largest investor in the new company is Energy and Minerals Group, a $6.7 billion private equity firm based in Houston.

McClendon previously founded American Energy Partners, whose office is less than a mile from the Chesapeake campus.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.