The partnership, American Energy Capital
Partners LP (AECP) is offering 100 million units at a price of
$20 each, it said in a filing with the U.S. Securities and
AECP's operations will be managed by AECP Management LLC, which
was founded by McClendon in July this year, the filing said.
An energy firm run by McClendon said in early October that it
had raised $1.7 billion to drill on shale acreage in Ohio's
A spokesman for McClendon, Steven Lipin, was not immediately
available for comment.
McClendon, who co-founded Chesapeake in 1989, left in April
after clashes over spending with the company's board and a
series of Reuters' investigations led to civil and criminal
probes of the company.
An internal investigation by Chesapeake's board has cleared
McClendon of any intentional wrongdoing.
(Reporting by Neha Alawadhi in
Bangalore; editing by Lisa Shumaker)
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