American Energy – Utica, LLC
Company Summary
Description
A private independent oil and natural gas company formed by AELP in September 2013 to acquire, develop, operate and produce oil and natural gas properties located in the southern Utica Shale play in Ohio.
AEU was initially capitalized with $1.2 billion of common equity commitments from EMG, First Reserve, AELP management and other investors. This was the largest initial capitalization of a start-up exploration and production company in industry history, and has since grown to approximately $3.2 billion in committed capital.
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