American Energy Minerals Holdings, LLC (AEMN) Raises $500 Million Of Equity Commitments To Acquire Minerals And Overriding Royalty Interests In Various Onshore U.S. Basins
OKLAHOMA CITY, Dec. 1, 2014 /PRNewswire/ -- American Energy Minerals Holdings, LLC (AEMN), an affiliate of American Energy Partners, LP (AELP), announced today that it has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (ORRIs) across targeted high-return onshore basins in the U.S. The equity commitment was provided by AEMN's exclusive private equity sponsor, Houston-based The Energy & Minerals Group (EMG), with additional equity provided by AEMN management and others. The first closing occurred yesterday with $350 million of equity funded at close which will be used to acquire 28,000 net mineral acres and 29,000 acres of ORRIs across the Utica, Marcellus, Woodford and Permian Basin plays as well as to provide AEMN with initial working capital.
Submittals of mineral interests and ORRI opportunities should be emailed to [email protected]. Individuals who possess expertise in oil and natural gas property acquisitions in the disciplines of reservoir engineering, land, minerals, finance, geoscience and legal should submit resumes to [email protected].
About American Energy Partners, LP:
American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013 to capitalize on opportunities available in unconventional resource plays onshore in the U.S. For additional information, please visit www.americanenergypartners.com.
About The Energy & Minerals Group:
EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $17.1 billion of regulatory assets under management (RAUM) and approximately $7.9 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/american-energy-minerals-holdings-llc-aemn-raises-500-million-of-equity-commitments-to-acquire-minerals-and-overriding-royalty-interests-in-various-onshore-us-basins-300002307.html
SOURCE American Energy Partners, LP
Related Links
http://www.americanenergypartners.com
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