American Energy Partners to Shut down This Summer

SUMMER. CRYSTAL PRICE HAS MORE. CRYSTA WHEN AUBREY MCCLENDON DIED IN A CAR ACCIDENT HERE IN PEOPLE SAY THE COMPANY HE HIM. PROFESSOR AT OKLAHOMA CITY UNIVERSITY, SAYS HE WASN'T ALL THAT SURPRISED YESTERDAY WHEN HE HEARD AMERICAN ENERGY PARTNERS WAS CLOSING DOWN. >> WITHOUT AUBREY MCCLENDON, IT WASN'T CLEAR THAT THEY HAD MUCH OF A WAY FORWARD. CRYSTAL: AUBREY MCCLENDON STARTED THE COMPANY AT A TIME WHEN OIL PRICES WERE DROPPING. HE SAYS OTHER FACTORS COULD HAVE FAILURE. SAYS MCCLENDON WAS KNOWN FOR MAKING QUESTIONABLE INVESTMENTS IN REAL ESTATE AND CREATING PERSONAL INTEREST IN WELLS ASSOCIATED WITH CERTAIN COMPANIES. TERMS OF THE LAYOFFS, AND THE RESTRUCTURING THAT CHESAPEAKE IS GOING THROUGH. APPROACH WITH AMERICAN ENERGY PARTNERS. CRYSTAL: BUT DESPITE THESE QUESTIONABLE DECISIONS, ULIMATELY HE THINKS IT W COMPANY'S CLOSURE.