One of the latest legal challenges to the Aubrey McClendon estate in Oklahoma City has been made by one of his former partners at American Energy Partners LP.
Scott Mueller, chief financial office at AEP filed suit this month challenging the distribution of $136.5 million from the sale of the company’s assets known as SCOOP Energy Co. and SCOOP Holdings, according to a report in the Journal Record.
Mueller contends he, former Chief Investment Officer Ryan A. Turner and chief legal officer Tom J. Blalock should get a share of the proceeds based on an equity and co-investment agreement made by the four officers. But the ECOIA was never signed by McClendon because he died in a traffic crash just a few days after the agreement was circulated among the four.
The agreement also called for creation of a multimillion-dollar profit pool for employees of AEP, but the company was dissolved just months after McClendon’s death in March 2016.
McClendon owned about 95 percent of the two SCOOP companies which involved an estimated 18,000 acres west of Oklahoma City.