McClendon’s American Energy Partners Shutting Down This Summer

AEP logoPerhaps it’s a good thing when one’s children leave the nest. As we’ve been reporting, even prior to Aubrey McClendon’s untimely death, the subsidiary companies he founded as part of his new venture, American Energy Partners, were running away from Aubrey as fast as they could (see McClendon’s New Empire Continues to Separate and Leave and McClendon’s Child Companies Continue to Run Away from AEP Parent). Aubrey died in a fiery car crash on March 2 that appears to have been (sorry to say) a suicide (see Stunned: Former Chesapeake CEO Aubrey McClendon Dies in Car Crash). Aubrey was leveraged to the hilt at the time (see WSJ: Aubrey McClendon was in Debt Up to His Eyeballs). So it’s no surprise to us to learn that his company, American Energy Partners, laid off 100 employees on Wednesday and announced it will permanently close its doors in the next three months. The children (i.e. subsidiary companies) will go on…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment