Aubrey McClendon's American Energy Partners LP has raised $1.7 billion that it will use to acquire and develop leases in Ohio's Utica Shale, Bloomberg News reports. McClendon's backers, besides the company's own management, include Houston-based Energy & Minerals Group, First Reserve, BlackRock, and Magnetar Capital. McClendon resigned from Chesapeake Energy, the company he co-founded, in April and immediately began plans to launch a new oil and gas producer. The Bloomberg story is here.
-- Jim Fuquay