Business
American Energy Partners Announces Aggressive M&A Focus in Oil and Gas Space
American Energy Partners Announces Aggressive M&A Focus in Oil and Gas Space.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n\n\n\nAmerican Energy Partners Announces Aggressive M&A Focus in Oil and Gas Space\n\n\n\n\n\nAmerican Energy Partners Announces Aggressive M&A Focus in Oil and Gas Space\nRecent Investment Banking Agreement Lines Up Key Potential Deals\nPR Newswire\nALLENTOWN, Pennsylvania, December 8, 2017\n\n\n\nALLENTOWN, Pennsylvania, December 8, 2017 /PRNewswire/ --\n\nAmerican Energy Partners, Inc. (OTC: AEPT) (the \"Company\", \"American Energy\" or \"AEPT\"), a diversified energy company, is excited to announce the anticipated initiation of negotiations with selected, profitable companies as it embarks on a strategic expansion into oil and gas assets in the Northeastern United States.\n\nThe Company previously closed on a multi-well package of currently producing gas and oil assets, as well as an interest in significant unleased mineral acres in Tier 1 zones of both the Wet Marcellus and Dry Utica shale formations. Those rights originated with a single undisclosed seller.\n\nManagement expects to leverage its experience in executing this initial multi-well package, with future expansion modeled off that example - a strategy intended to maximize future top-line growth. To deal with the additional investment banking demands implied by this emphasis, the Company recently completed an agreement with Aqua Terra Asset Management, LLC (\"Aqua Terra\"), as indicated in a prior release.\n\nBrad Domitrovitsch, CEO, stated, \"With our Investment Banking relationship now locked into place at Aqua Terra, we feel confident we have the backing to pursue acquisitions that will further launch our operations in the space. We continue to feel that this is an opportune time for aggressive expansion.\"\n\nAccording to the November 2017 research report out of OPEC, US shale oil is now expected to drive global production growth in the years to come, with a full eight years of outsized growth into a peak around the year 2025.\n\nAbout Aqua Terra\nAqua Terra is an affiliate of Boenning and Scattergood, Inc. Established in 1914, Boenning & Scattergood, Inc. is one of the oldest independent securities, asset management and investment banking firms in the Mid-Atlantic and Midwest Regions. Professionals at our firm provide individual investors, corporate and municipal clients and institutions a full complement of financial services including retail br...