General | New Company / Start-Ups | Capital Markets | Private Equity Activity
AELP, Energy & Minerals Group Form New Midstream Compamy
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American Energy Partners, LP and The Energy & Minerals Group have reported the formation of American Energy – Midstream, LLC (AE-MidCo), which will make investments in the midstream oil and natural gas industry.
AE-MidCo's primary focus will be in areas where affiliates of AELP and affiliates of EMG have active upstream operations. AE-MidCo plans to build a portfolio of midstream assets strategically focused on natural gas gathering and processing systems and long-haul pipelines associated with four affiliates of AELP that have a play-specific mandate: American Energy – Utica, LLC (AEU), American Energy – Woodford, LLC (AEW), American Energy – Marcellus, LLC (AEM), and American Energy – Permian Basin, LLC (AEPB). AELP provides management services to each of AEU, AEW, AEM and AEPB and EMG is the lead equity investor in each.