McClendon Buys 48K WV Marcellus Acres, 27K More OH Utica Acres

silhouette questionYet another major announcement yesterday from Aubrey McClendon, former CEO of Chesapeake Energy and current CEO of a new company he founded, American Energy Partners (AEP). Aubrey is spending another $1.75 billion to buy more acreage (and functioning wells) in both the Ohio Utica and now, for the first time, in the West Virginia Marcellus Shale. The WV acreage is in the wet gas areas of the state. According to the AEP press announcement, East Resources is the seller. Which is interesting to MDN since Shell bought all (or nearly all) of East’s northeast shale acreage in 2010 (see East Resources Sells to Royal Dutch Shell for $4.7 Billion, Deal Includes All of East’s Marcellus Shale Operations). So was the deal actually with Shell using the East name on paper? Or leftover vestiges of the old East Resources?…

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