Aelp

A Permian Basin exploration company formed by the late Aubrey McClendon has been renamed and management beefed up as it transitions to a standalone operator, management said Wednesday.

Aubrey McClendon, 56, the former chief and co-founder of Chesapeake Energy Corp., and an early leader of the shale revolution that transformed the energy industry, was killed instantly Wednesday in a single-car crash in Oklahoma City.

American Energy Partners LP (AELP), the company formed by Aubrey K. McClendon three years ago, is taking its unconventional expertise south with an investment in Argentina’s Vaca Muerta formation in a partnership with state-controlled producer YPF SA.

Ascent Resources LLC has responded to a lawsuit filed by nearly 70 landowners in Southeast Ohio against its predecessor company, American Energy Utica LLC (AEU), seeking to dismiss claims that it owes more than $9.2 million in overdue lease signing bonuses and court fees.

Aubrey McClendon, a pivotal figure in the U.S. natural gas arena for decades, is planning to take his wares across the pond for the first time, with the company he most recently founded, American Energy Partners LP (AELP), signing a letter of intent (LOI) with Armour Energy Ltd. for drilling rights in Australia’s McArthur Basin.

American Energy — Midstream LLC, an Aubrey McClendon-led entity whose business today is concentrated in Appalachia natural gas pipelines, is transitioning in July as a standalone company with a new name.

American Energy — Midstream LLC, an Aubrey McClendon-led entity whose business today is concentrated in Appalachia natural gas pipelines, is transitioning in July as a standalone company with a new name.

U.S. onshore operator American Energy Partners LP (AELP) has hired Scott D. Sachs as senior geoscience executive adviser, James C. Johnson as senior marketing and midstream executive and Traci D. Cook as chief accounting officer. All three previously worked for AELP founder Aubrey McClendon when he was CEO of Chesapeake Energy Corp. Sachs, 54, had been vice president of geoscience from 2005 to 2014 and spent 18 years at Marathon Oil Co. Johnson, 57, was Chesapeake senior vice president of marketing for 18 years and, beginning in 2000, was president of Chesapeake Energy Marketing Inc. Cook, 50, was a Chesapeake executive for 19 years and since 2006 had been vice president and division controller of financial analysis and reporting.

Chesapeake Energy Corp. has agreed to take close to 6,000 acres in Harrison County, OH, and a combination of cash and contingent cash payments of up to $25 million to settle part of a lawsuit filed against companies founded by former CEO Aubrey McClendon.