American Energy Partners, the Oklahoma City-based oil and natural gas company founded by the late energy tycoon Aubrey McClendon, is shutting down.
The company's leadership team released a statement Wednesday saying it had decided to wind down operations but the five independent companies it had launched wouldn't be affected.
McClendon co-founded Chesapeake Energy and served as its CEO before stepping down in 2013 and founding American Energy Partners. He died in a fiery car crash in March, a day after being indicted on a bid-rigging charge. Police at the time declined to say whether they thought McClendon meant to crash.
The statement says the decision to close was made in consultation with McClendon's family.