American Energy Partners' $1.7 billion acquisition signifies that the Utica will remain a financially strong shale play

The announcement that former Chesapeake Energy CEO Aubrey McClendon's new company, American Energy Partners LLP, will invest $1.7 billion in the Utica shale play in eastern Ohio was described in a recent Columbus Business First article as evidence of several positive trends: one is that the Utica shale play will "remain one of the premier shale plays in the country"; second is that the company's focus on the southern part of the play could shift financial windfalls and other economic activities into counties such as Monroe, Noble and Guernsey; and third, that the use of private equity money – like that funding American Energy's investment – "diversifies the market and increases competition" (See our Aug 25, 2013, blog post – "Details emerge about former Chesapeake Energy CEO's re-entry into the Utica shale play"). For more, read the full story.

National, Ohio