Rumor Mill: Aubrey McClendon Buying Enduring Resources

rumor-mill.jpgReuters is reporting the rumor that Aubrey McClendon, former CEO of natgas behemoth Chesapeake Energy and current CEO of a new startup–American Energy Partners–is close to sealing a deal to buy Enduring Resources. Enduring is a shale driller with active rigs in both Utah and Texas. Rumor has it that the deal values Enduring at $2 billion, which is about how much money Aubrey has raised so far for his drilling program in the Utica Shale.

We told you before and will tell you again–never sell Aubrey McClendon short. Chesapeake (and corporate raider Carl Icahn) will come to rue the day they booted Aubrey out the door. Here’s what Reuters says about the rumor…

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