American Energy Partners, LP Announces Management Team Update

OKLAHOMA CITY, June 2, 2014 /PRNewswire/ -- American Energy Partners, LP (AELP) today announced it has hired Jeff Agosta as the Chief Financial Officer of American Energy – Utica, LLC (AEU). Agosta, 47, most recently served as Chief Financial Officer of Devon Energy Corporation from 2010 to January 2014.  Prior to his role as CFO, Agosta served Devon in various positions of increasing responsibility, including Senior Vice President - Corporate Finance and Treasurer.  He began his career with KPMG and was a manager with the financial consulting firm, D. R. Payne & Associates immediately prior to joining Devon. He is a graduate of the University of Oklahoma with a BBA degree in Accounting with and is a Certified Public Accountant.  Agosta serves on the University of Oklahoma's Price College of Business Advisory Board and is Chairman of the Price College's MBA Advisory Board.  To date, AEU has raised approximately $3 billion of institutional capital and owns approximately 290,000 net acres in the southern Utica Shale play in eastern Ohio, the largest leasehold position in the most productive portion of the Utica Shale play. 

AELP also has hired Jeff Mobley as its Senior Vice President – Major Acquisitions.  Mobley, 45, most recently served as Senior Vice President – Investor Relations and Research for Chesapeake Energy Corporation.  Previously, Mobley worked in Equity Research for Raymond James & Associates and in Investment Banking for Prudential Securities and ABN AMRO.  He began his career in the energy sector at Enron Capital & Trade Resources in the Producer Finance and Equity Investments groups.  Mobley is a CFA Charterholder and graduated with an MBA from The Wharton School of Business and a BS degree in Agricultural Economics from New Mexico State University. Mobley has been working as a consultant to AELP for the past five months and now officially assumes responsibility for coordinating AELP's acquisition initiatives for large transactions and related transaction financings.  He will also be responsible for the oil and natural gas hedging programs across the AELP platform. 

Ryan A. Turner has assumed new responsibilities as Chief Investment Officer and Chief Financial Officer – Institutional Investments.  Turner, 30, most recently served as Vice President – Finance of AELP.  During the past nine months, AELP has raised committed equity and debt capital of approximately $10 billion and Turner has played an important role in arranging these commitments. His new duties include investment process oversight and financial responsibility across the institutionally funded business on the AELP platform. Previously, Turner served as Vice President – Finance & Strategy of Caelus Energy, LLC, a Dallas-based private equity sponsored international E&P company.  He also served as Vice President – Strategy & Business Development of Dallas-based Kosmos Energy and prior to that was an energy investment banker with Citigroup.  Mr. Turner earned a Bachelor of Science in Economics and History from Duke University.  

Jeff Fisher, 54, remains the COO of AELP's operating companies, Scott R. Mueller, 43, remains the CFO of AELP and of Aubrey K. McClendon's non-oil and gas investments and activities, and Curt Launer, 59, remains Senior Vice President – Capital Formation with primary responsibility for AELP's direct investment relationships.

About American Energy Partners, LP:
American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013 to capitalize on opportunities available in unconventional resource plays onshore in the U.S.  For additional information, please visit www.americanenergypartners.com.

SOURCE American Energy Partners, LP