Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Aubrey McClendon Announces $4B In New Oil And Gas Deals

10/06/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzgvmzavnzu5l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Aubrey McClendon and his American Energy Partners announced $4.25 billion in acquisitions today — more big moves in his ongoing post-Chesapeake empire building.

First, AEP is shelling out $2.5 billion to acquire Denver-based Enduring Resources and its 63,000 net acres of leasehold with 16,000 barrels per day of production in the southern Permian Basin.

He also announced two other acquisitions, in the Utica shale region of Ohio and the Marcellus shale of Pennsylvania, totalling $1.75 billion. In the Utica, he’s acquiring 27,000 net acres (with 40 million cubic feet of daily natural gas production) from East Resources and an “unnamed private company.” And in the southern Marcellus shale of West Virginia he’s taking 48,000 acres (with 135 million cubic feet of daily natgas production) from East Resources and an unnamed private company.

East Resources is a division of Royal Dutch Shell , which bought the company in 2010 for $4.7 billion.

McClendon has been on a tear. Since creating American Energy Partners a year ago he’s raised roughly $10 billion in equity and debt to fund his acreage acquisitions in the Utica, Woodford, Marcellus and Permian Basin. McClendon’s primary backer has been The Energy & Minerals Group, with private equity group First Reserve also chipping in.

This article has been extracted from http://www.forbes.com, please click on this link to read the article in full http://www.forbes.com/sites/christopherhelman/2014/06/09/aubrey-mcclendon-announces-4b-in-new-oil-and-gas-deals/

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdqvmtkvmtuvndivntgvnjcyl3nodxr0zxjzdg9ja18xmja3mdi1ndcuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

Evolve or Die: The Importance of Being Agile

2017-04-19 18:00:00 +0100

In the high-speed world of IT, agility is essential if you want to stay on top. Over the last 20 years, Montash Managing Director Roy Dungworth has experienced many changes in the industry. But two things never change - the need for business agility and the importance of people. Roy shares his insights after two decades in the industry. The pace of the IT industry increases every year. The way people buy or consume information today is having an enormou...

W1siziisijiwmtcvmdmvmdgvmdkvmzkvmtqvmzgxl3dvbwvuigluigj1c2luzxnzlmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Dear 18-year-old me: It’s a woman’s world too

2017-03-08 09:00:00 +0000

With International Women’s Day being all about celebrating the cultural, economic, political and social achievements of women, it highlights the issue of women in technology, which remains a contentious one. Recent research from WISE, which campaigns for gender balance in science, technology and engineering, found that women only make up just 17 per cent of all IT professionals in the UK. Montash Recruitment Consultant Sadiye Booker has shared her exper...