McClendon's new company said to be $924M buyer of Hess Utica gas fields

|About: Hess Corporation (HES)|By:, SA News Editor

Aubrey McClendon's new company, American Energy Partners, reportedly is the mystery buyer behind Hess' (HES) $924M sale of natural gas fields in Ohio's Utica Shale.

American Energy Partners told WSJ that an affiliate had raised ~$500M to invest in wells across the country, but declined to comment on the Utica deal.

The former Chesapeake CEO also is managing a new venture, American Energy Capital Partners, backed by real-estate investors, which said last month it would sell shares to raise up to $2B to buy and drill oil and gas prospects across the U.S.

Meanwhile, Hess still has ~86K acres in the Utica that it is drilling in partnership with Consol Energy (CNX), mostly in areas where wells yield liquids that can be turned into ethane and propane; the acreage Hess just sold is dry natural gas.