American Energy Partners, the company formed by former Chesapeake co-founded Aubrey McClendon, on Monday said its affiliate American Energy-Utica LLC has put together about 260,000 acres in the Utica Shale in Ohio. It did not disclose how much it paid for the acreage, acquired from Exxon Mobil, Hess Corp. and Paloma Partners. Hess last week said it sold 74,000 acres in the Utica for $924 million, and American Energy on Monday confirmed it was the buyer. Exxon said today that American Energy, for an undisclosed sum, can earn 30,000 acres in the Utica as it provides funding for Utica development by XTO Energy, an Exxon subsidiary. Paloma Resources, which was an active leasing company in the Barnett Shale, last year said its Paloma Partners III fund started leasing in the Utica in May 2013. Houston-based Paloma is backed by Australia's Macquarie Mining and Energy Capital and EnCap Investments. American Energy Partners has said it raised $1.7 billion in 2013 to acquire oil and gas properties, and last week said it raised another $500 million.
-- Jim Fuquay