American Energy Partners

[Plutonic Panda]

This is very good news! What an amazing facility, and a great new use of the space. It's exciting to see our arts community developing and growing here in OKC.

i couldn't agree more here. A growing arts presence in the 405 is pretty welcome

[gopokes88]

Very cool! Congrats to them

[bombermwc]

Im betting they got a what-a-deal for the space as AEP tries to offload the debt. Not too many things that can make use of the space and normally Ballet Oklahoma wouldn't have the finances to outright purchase something of that size. Props to them for hitting it up at the right time.

[gopokes88]

White Star a spinoff of this, went bankrupt and looks like Contango O&G bought them out of bankruptcy.


http://www.rbcrichardsonbarr.com/Ind...9PZONE77723208

[Pete]

White Star a spinoff of this, went bankrupt and looks like Contango O&G bought them out of bankruptcy.


http://www.rbcrichardsonbarr.com/Ind...9PZONE77723208

Jones Energy (Austin but had established an OKC office) also bought a ton of the AEP assets and also recently went bankrupt and fired most their management.

[PhiAlpha]

White Star a spinoff of this, went bankrupt and looks like Contango O&G bought them out of bankruptcy.


http://www.rbcrichardsonbarr.com/Ind...9PZONE77723208

Interesting, I had heard that Mach had the winning bid at $80 million. I guess Contango ended up coming out on top instead.

[sooner88]

Interesting, I had heard that Mach had the winning bid at $80 million. I guess Contango ended up coming out on top instead.

I had heard Mach all week as well.

[gopokes88]

Jones Energy (Austin but had established an OKC office) also bought a ton of the AEP assets and also recently went bankrupt and fired most their management.

Yep they re-emerged as a private company over the summer. Just drilled a 4 well pad in el Reno but dropped the rig after. Dk if it was exploratory or if they’re just taking their time drilling out.

[Pete]

^

They had been private for decades but then went public in 2013 and then got themselves into all sorts of financial trouble.

I went to OU with Johnny Jones who took over for his father.

[gopokes88]

^

They had been private for decades but then went public in 2013 and then got themselves into all sorts of financial trouble.

I went to OU with Johnny Jones who took over for his father.

Only thing worse than going public in 13 would have been to go in 14. Valuation was sky high and only one direction from there.