Aubrey Goes Shopping Again, Wants Another $2 Billion for Drilling

Last week the news broke that wildcatter Aubrey McClendon, former CEO of Chesapeake Energy and current CEO of American Energy Partners (AEP), has filed the paperwork to form a new “blind pool investment” company called Energy 11 LP–controlled by AEP with the sole purpose of raising another $2 billion from investors to continue leasing and drilling in U.S. shale plays. As MDN has previously noted, it appears Aubrey continues to get the band back together (see Aubrey McClendon Gets Back into the Midstream Business). This time around, Energy 11 LP includes some of Aubrey’s old mates from Chesapeake who either left or were downsized by Carl Icahn and Doug Lawler during the Chesapeake purge. Let’s take a closer look at this latest effort by Aubrey, who has raised an average of $1 million per hour since he left Chessy last year!…

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