Allentown, PA-based American Energy Partners Inc. (AEP), which focuses on upstream oil and gas operations as well as waste and water treatment, has added another company to its repertoire.
AEP has acquired Hickman Geological Consulting LLC in exchange for 40.5 million shares of AEP’s preferred shares equal to 5% of its outstanding common stock. Hickman owner Josh Hickman has been on the board of AEP for the past two years, according to his LinkedIn profile. He founded the consultancy in 2014.
“This acquisition marks the beginning of American Energy's buy and build strategy,” AEP said earlier in July. “This acquisition represents only one of a series of acquisitions planned for the future.”