American Energy – Midstream LLC has named David C. Shiels as CEO. Previously, Shiels worked at Access Midstream Partners LP and Chesapeake Midstream Partners. AE-MidCo was formed by American Energy Partners to buy midstream assets.
PRESS RELEASE
OKLAHOMA CITY, Jan. 19, 2015 /PRNewswire/ — American Energy Partners, LP (AELP) today announced that it has hired David C. Shiels as the Chief Executive Officer of its affiliate American Energy – Midstream, LLC (AE-MidCo). Shiels, 49, previously worked for Access Midstream Partners, LP (NYSE: ACMP) and Chesapeake Midstream Partners (CHKM) for five years as Chief Financial Officer. During his tenure at ACMP and CHKM, the business grew to be one of the premiere gathering and processing MLP’s in the industry and has recently been acquired by the Williams Companies, Inc.
Prior to ACMP and CHKM, Shiels worked for the General Electric Company (GE) for 13 years where he held multiple regional chief financial officer roles with subsidiaries of GE. Mr. Shiels most recently served as Chief Financial Officer of GE Security Americas. Prior to GE, he spent nine years with Conoco, Inc. in various finance and operational roles. Mr. Shiels graduated from Michigan State University with a Bachelor of Arts degree in banking and finance in 1988.
AE-MidCo was formed by AELP in June 2014 to acquire midstream assets primarily in high-growth areas in which AELP upstream affiliates are active. AE-MidCo has been capitalized by a $500 million equity commitment provided by The Energy & Minerals Group (EMG) and additional equity provided by AELP management and affiliated parties.
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.
About American Energy – Midstream, LLC:
American Energy – Midstream, LLC is a midstream company affiliated with American Energy Partners, LP (AELP). AE-MidCo was formed in June 2014 to acquire midstream assets primarily in high-growth areas in which AELP upstream affiliates are active.
About The Energy & Minerals Group:
EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $17.1 billion of regulatory assets under management (RAUM) and approximately $8.1 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.
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