OKLAHOMA – CNBC has confirmed American Energy Partners is closing.
The natural gas and oil company was founded in 2013 by the late and former Chesapeake CEO Aubrey McClendon.
The company is said to have laid off workers and is set to shut down this summer.
BREAKING: American Energy Partners, founded by Aubrey McClendon, lays off workers & will shut down this summer – Dow Jones
— CNBC Now (@CNBCnow) May 19, 2016
At last check, American Energy Partners has more than 450 employees company-wide.
A spokesperson with the company sent NewsChannel 4 the following statement late Wednesday night:
“After considerable thought and discussion with Aubrey McClendon’s family and our employees, we have made a collective decision to wind down the operations of American Energy Partners, LP (AELP). Aubrey’s vision was to incubate independent, stand-alone companies from this platform and we have achieved the successful launch of five independent oil and gas companies (consolidated from seven startups) which employ hundreds of Oklahomans. These companies, Ascent Resources, LLC, White Star Energy, LLC, Permian Resources, LLC, Traverse Midstream, LLC, and Heritage Resources Management, LLC, each have a bright future and will not be affected at all by this decision.
We are proud to have had the opportunity to work with Aubrey. Through his strategic vision and tireless efforts along with the most dedicated employees in the industry, the numerous businesses we founded together have shown tremendous resiliency in the face of the historically difficult industry environment. Aubrey’s legacy will be carried forward by each of these businesses as they continue to grow, by the numerous landmarks all over our city in which he had a hand in developing and by the many philanthropic organizations to which Aubrey gave generously. We owe a debt of gratitude to each of our hard-working employees and most importantly to our founder, friend and mentor, Aubrey K McClendon.”