American Energy Partners enters $4.3B shale deal across 3 states

06/9/2014 | Dallas Morning News (free content), The

Former Chesapeake Energy CEO Aubrey McClendon said his company American Energy Partners has made its first entry into the Permian Basin as part of a $4.3 billion agreement to lease shale properties across Texas, West Virginia and Ohio. The company plans to operate six to eight rigs in the Permian by the end of 2015 and drill nearly 2,000 wells in the basin over the next 10 years. The company now controls 63,000 acres in the basin and "intends to increase its position ... through additional acquisitions over time," the company said in a statement.

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Dallas Morning News (free content), The

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