- American Energy Capital Partners, an oil-and-gas partnership connected to former Chesapeake Energy CEO Aubrey McClendon, has filed to raise up to $2B by selling 100M units for $20 each.
- AECP will be run by AECP Management, a firm that McClendon founded in July. He is also the CEO of privately held American Energy Partners, which is using $1.7B that it has recently raised in equity and debt to buy oil and gas properties in Ohio's Utica Shale.
- Unsurprisingly, American Energy Capital has disclosed a range of potential conflicts of interest, including those involving McClendon. He was ousted from Chesapeake partly because of such issues.
Aubrey McClendon involved in partnership that files to raise $2B
Dec 15 2013, 03:23 ET