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McClendon partners with Tall Oak Midstream LLC for Ok. pipeline

Shane Thielges | Shale Plays Media

Aubrey McClendon, the natural gas tycoon widely known as a pioneering figure of the US shale revolution, has acquired a stake in Tall Oak Midstream LLC’s planned Oklahoma pipeline.

Bloomberg reports that McClendon’s American Energy Partners has committed existing transmission lines to the pipeline and processing network in exchange for a minority interest in the project. The line’s route spans 250 miles of north-central Oklahoma and will target the Woodford shale region. It is planned to include compression sites and cryogenic processing plants.

McClendon’s American Energy Partners has assembled a massive network of land rights, corporate partnerships and drilling operations since leaving Chesapeake Energy, a company he founded, in April 2013. He’s been called both a genius and the most reckless businessman in America.

American Energy partners will have the opportunity to eventually acquire up to 50% of the Tall Oak Midstream pipeline. McClendon has already committed drilling prospects from Oklahoma land to the pipe network.

Bloomberg has the full story: Aubrey McClendon Expands Empire With Oklahoma Pipelines

Related: Wyoming’s major oil and gas companies contemplate $6 billion merger

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