McLendon’s New Company To Go Public
Ponca City Now - December 14, 2013 8:23 am
OKLAHOMA CITY (AP) – A partnership connected to former Chesapeake Energy Corp. CEO Aubrey McLendon has filed for a public offering to raise up to $2 billion to acquire and sell oil and natural gas properties in the U.S.
American Energy Capital Partners LP made the filing with the Securities and Exchange Commission on Friday. The filing says American Energy Capital Partners will offer 100 million units at a price of $20 each.
According to the filing, American Capital Partners will be managed by AECP Management LCC, which was formed by McLendon in July 2013.
McLendon resigned from Oklahoma City-based Chesapeake in April.
McClendon is a part-owner of the Oklahoma City Thunder. The basketball team’s arena bears Chesapeake’s name.