美国Energy-Woodford公司正式更名  成为独立公司

OKLAHOMA CITY — American Energy-Woodford, LLC, has announced that, effective March 25, 2016, the company changed its name to White Star Petroleum, LLC. As originally intended and previously announced by White Star’s sponsor, The Energy and Minerals Group (EMG), White Star will complete its transition to a standalone company, fully independent of the American Energy Partners, LP (AELP) platform, during the second quarter of 2016. On February 26, 2016, as a critical step of the separation, the board of managers appointed Elliot J. Chambers as CEO, in addition to his role as chief financial officer, and promoted Joseph D. Craig to chief operating officer from his previous role as V.P. of operations.

Chambers commented, “We are pleased to announce the transition of White Star to a separate, standalone company. This separation has been a strategic objective of our business since the company was founded in 2013, and we look forward to bringing it to fruition as quickly as possible during the second quarter. We appreciate the support and guidance that we have received from EMG, and the assistance the AELP platform has provided since our formation.”

White Star also announced today it has signed a definitive agreement to purchase certain Mississippi Lime and Woodford Shale assets from Devon Energy Corp. for $200 million.  The acquired assets include approximately 210,000 largely contiguous net acres, which immediately offset White Star’s acreage in Central Northern Oklahoma. The acquired acreage is primarily located in Payne, Lincoln, Logan and Garfield Counties in Oklahoma, with most of the position held by production. Net production from the acquired assets in the first quarter of 2016 averaged 12,800 boed, from approximately 555 operated and non-operated Mississippi Lime and Woodford Shale horizontal wells.