Oil, Gas and Consumable Fuels
Company Overview of American Energy Partners, LP
American Energy Partners, LP provides oil and gas exploration and production. The company was founded in 2013 and is based in Oklahoma City, Oklahoma.
301 N.W. 63rd Street
Harvey Parkway Office Building
Oklahoma City, OK 73116
Founded in 2013
Key Executives for American Energy Partners, LP
Senior Vice President of Capital Formation
Chief Financial Officer of Institutional Investments and Chief Investment Officer of Institutional Investments
Compensation as of Fiscal Year 2016.
American Energy Partners, LP Key Developments
AELP Announces Dismisses Aubrey K. McClendon, Founder
Mar 3 16
AELP confirmed that its founder, Aubrey K. McClendon died in a car accident on Midwest Boulevard in Oklahoma City.
YPF, American Energy Partners Agree to Vaca Muerta JV
Jan 25 16
YPF SA and American Energy Partners LP have signed a joint venture agreement to explore and develop unconventional oil and natural gas from Argentina's Vaca Muerta formation providing that financing can be arranged. The companies plan to invest more than $447 million during an initial 3-year phase to develop a pilot project in a 200-sq km area called Bajada de Anelo in Neuquen. Terms also call for the two companies to work with Pluspetrol SA and Gas y Petroleo del Neuquen SA in developing a second, smaller area within Vaca Muerta called Cerro Arena.
American Energy Partners LLP Receives Foreign Investment Review Board Approval for AEP's Proposal to Acquire 75% Interest in Armour's McArthur Basin Oil and Gas Project in the Northern Territory
Dec 4 15
The directors of Armour Energy announced that American Energy Partners LLP has received Foreign Investment Review Board approval for AEP's proposal to acquire a 75% interest in Armour's McArthur Basin oil and gas project in the Northern Territory and up to a 15.95% interest in Armour Energy. The proposal relates to AEP's investment of up to $130 million (currently approximately AUD 185 million) over a five year period in return for the 75% interest in the project. The FIRB approval received to date is a further step towards closing of the agreements with AEP on the project. Closing can take place at any time up to 9 January 2016 at which point AEP will pay Armour $13 million (approximately AUD 18.43 million). Under related agreements, AEP will subscribe a further $3.75 million for Armour shares at 20 cents per share on the closing of the farm in agreements, adding to AEP's existing 5% investment in Armour at an initial price of $3.75 million, completed on 4 November 2015, giving AEP a combined 10% interest in the company. At that stage AEP will also be entitled to 24m options to subscribe for further shares in Armour. The allotment of these options has received FIRB approval. Under the proportional bid to be made by AEP for 13.62% of Armour at 25 cents per share, AEP will be entitled subject to the level of acceptances received to gain up to a 20% shareholding interest in the company. AEP will then nominate a Non-Executive Director to the Board of Armour.
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