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.

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