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American Energy Partners Renames Permian Subsidiary
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American Energy – Permian Basin, LLC and its parent, American Energy Permian Holdings, LLC, announced the renaming of the companies to Permian Resources, LLC and Permian Resources Holdings, LLC, respectively, consistent with previously announced plans to transition to a standalone company, fully independent of the broader American Energy Partners, LP (AELP) platform.
The name changes, after several months of vetting, are effective immediately. Further, following a detailed planning process over the past six months, the platform separation and transition has been formalized, is well under way, and is expected to be brought to conclusion during the ensuing three months. On February 26, 2016, and as part of the formalization of the separation, the Board of Directors appointed Jeffrey L…
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