American Energy – Midstream LLC formed
American Energy Partners LP (AELP) and the Energy & Minerals Group (EMG) have announced the formation of American Energy – Midstream LLC (AE-MidCo), which will make investments in the midstream oil and natural gas industry.
AE-MidCo's primary focus will be in areas where affiliates of AELP and affiliates of EMG have active upstream operations. AE-MidCo plans to build a portfolio of midstream assets strategically focused on natural gas gathering and processing systems and long-haul pipelines associated with four affiliates of AELP that have a play-specific mandate: American Energy – Utica LLC (AEU), American Energy – Woodford LLC (AEW), American Energy – Marcellus LLC (AEM), and American Energy – Permian Basin LLC (AEPB). AELP provides management services to each of AEU, AEW, AEM, and AEPB. EMG is the lead equity investor in each.
American Energy Partners LP was founded by Aubrey K. McClendon in April 2013 to capitalise on opportunities available in unconventional resource plays onshore in the US.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/23062014/american_energy_midstream_llc_formed/
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