AEMN raises $500M to acquire ORRIs in onshore US basins

American Energy Partners LP

American Energy Minerals Holdings LLC (AEMN), an affiliate of American Energy Partners LP (AELP), has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (ORRIs) across targeted high-return onshore basins in the US.

The equity commitment was provided by AEMN's exclusive private equity sponsor, the Energy & Minerals Group (EMG), with additional equity provided by AEMN management and others. The first closing occurred yesterday with $350 million of equity funded at close which will be used to acquire 28,000 net mineral acres and 29,000 acres of ORRIs across the Utica, Marcellus, Woodford, and Permian Basin plays, as well as to provide AEMN with initial working capital.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...