Dec 13 A partnership related to Chesapeake
Energy Corp's former Chief Executive Officer Aubrey
McClendon filed for a public offering on Friday to raise up to
$2 billion to buy and drill oil and gas properties within the
The partnership, American Energy Capital Partners LP
(AECP)is offering 100 million units at a price of $20 each, it
said in a filing with the U.S. Securities and Exchange
Commission. (SEC filing:)
AECP's operations will be managed by AECP Management LLC,
which was founded by McClendon in July this year, the filing
An energy firm run by McClendon said in early October that
it had raised $1.7 billion to drill on shale acreage in Ohio's
A spokesman for McClendon, Steven Lipin, was not immediately
available for comment.
McClendon, who co-founded Chesapeake in 1989, left in April
after clashes over spending with the company's board and a
series of Reuters' investigations led to civil and criminal
probes of the company.
An internal investigation by Chesapeake's board has cleared
McClendon of any intentional wrongdoing.