- Aubrey McClendon, the former Chesapeake Energy CEO who is now running American Energy Partners, is exploring a purchase of Freeport McMoRan’s (NYSE:FCX) California oil and gas operations for up to $5B, Bloomberg reports.
- A deal would be the largest acquisition yet for American Energy, which has raised $13B since it was started last April.
- FCX’s onshore operations in California include 16K net acres in the San Joaquin Basin and control of the Arroyo Grande Field, an oil-producing property in San Luis Obispo County.