Jerry Bohnen
Oklahoma Energy Today
Oklahoma City oilman Aubrey McClendon’s newly-formed American Energy Partners company is getting financial assistance from Oklahoma’s Department of Commerce through its Quality Jobs Program.
The Commerce Department announced American Energy Management Services LLC will get financial incentives to provide for the hiring of another 525 workers in a $26,779,101 expansion.
AEP, formed more than a year ago after McClendon was forced to leave Chesapeake Energy, the company he founded, will receive wage rebates from the Commerce Department.
Under the Quality Jobs Program, AEP will get quarterly cash payments of up to 5 percent of new taxable payroll directly to the company.
Just three months ago, AEP announced $4.25 billion in acquisitions including the $2.5 billion purchase of Denver-based Enduring Resources. Two other acquisitions were made in the Utica shale regiomn of Ohio and the Marcellus shale of Pennsylvania. The two totaled $1.75 billion.
What are they going to do now – hire 100 realtors and buy up all the real estate south of the river?