Aubrey McClendon Forms Oil Company Down The Street From Chesapeake

Thursday, April 18th 2013, 2:20 pm
By: News 9

Aubrey McClendon's retirement was short-lived.

Less than a month after stepping down from Chesapeake Energy, the Oklahoma City oilman has created two companies to find and produce oil and gas.

A short distance from Chesapeake's sprawling Oklahoma City campus, McClendon has rented office space for American Energy Partners LP and Arcadia Capital.

Oklahoma Secretary of State records show McClendon incorporated Arcadia Capital LLC in January. McClendon Energy Operating LLC and American Energy Partners LLC were formed in February and occupy the same sixth-floor suite in the Harvey Parkway Building on N.W. 63rd Street. Building permits with the city of Oklahoma City show Arcadia Capital began office renovations in March.

4/1/2013 Related Story: Aubrey McClendon Steps Down From Chesapeake

McClendon is bound by a non-compete agreement with Chesapeake that prohibits him from acquiring or developing oil and gas projects near Chesapeake leases or using insider knowledge gleaned from his time at the company he co-founded. The six-month non-compete agreement begins after McClendon receives his last severance payment from Chesapeake, at the end of 2016.

Nine Investigates reached out to McClendon for comment but hasn't heard back.