Aubrey McClendon stages a comeback

By Laurie Bennett

February 7, 2014 at 8:02am

After building a fortune betting on shale fields, then leaving his company under duress, billionaire Aubrey McClendon is again making big gambles.

McClendon, former chairman and CEO of Chesapeake Energy, wants to raise up to $2 billion through an IPO for more oil and gas ventures.

Aubrey McClendon
Aubrey McClendon

The new public company, American Energy Capital Partners, will be managed by a McClendon firm.

Another of his operations, privately held American Energy Partners, announced this week that it was buying drilling leases on about 260,000 acres in Ohio’s Utica shale region.

McClendon resigned from Chesapeake last year after questions were raised about his intertwined personal and corporate investments.

As T. Boone Pickens told Bloomberg, “It’s obvious that Aubrey is going to get very active again.”

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