- Associated Press - Wednesday, May 18, 2016

OKLAHOMA CITY (AP) - American Energy Partners, the Oklahoma City-based oil and natural gas company founded by the late energy tycoon Aubrey McClendon, is shutting down.

The company’s leadership team released a statement Wednesday saying it had decided to wind down operations but the five independent companies it had launched wouldn’t be affected.

McClendon co-founded Chesapeake Energy and served as its CEO before stepping down in 2013 and founding American Energy Partners. He died in a fiery car crash in March, a day after being indicted on a bid-rigging charge. Police at the time declined to say whether they thought McClendon meant to crash.

The statement says the decision to close was made in consultation with McClendon’s family.

The company couldn’t immediately be reached by The Associated Press for further comment.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide