Former Chesapeake Energy CEO and Founder Aubrey McClendon  is back in the hydraulic fracturing (“fracking”)  game in Ohio's Utica Shale  in a big way, receiving a permit to frack five wells  from the Ohio Department of Natural Resources on November 26.
“The Ohio Department of Natural Resources awarded McClendon's new company, American Energy Utica LLC, five horizontal well permits Nov. 26 that allows oil and gas exploration on the Jones property in Nottingham Township, Harrison County,” a December 6 article appearing in The Business Journal explained . “In October, American Energy Utica announced it has raised $1.7 billion in capital to secure new leases in the Utica shale play.”
McClendon is the former CEO of fracking giant Chesapeake Energy and now the owner of American Energy Partners , whose office  is located less than a mile away  from Chesapeake's corporate headquarters .
The $1.7 billion McClendon has received in capital  investments for the purchase of 110,000 acres  worth of Utica Shale land came from the Energy & Minerals Group , First Reserve Corporation , BlackRock Inc . and Magnetar Capital .
McClendon — a central figure in Gregory Zuckerman's recent book “The Frackers”  — is currently under investigation by the U.S. Securities and Exchange Commission . He left Chesapeake in January 2013  following a shareholder revolt over his controversial business practices.
In departing, he was given a $35 million severance package , access to the company's private jets through 2016  and a 2.5% stake in every well  Chesapeake fracks through June 2014 as part of the Founder's Well Participation Program .
Power Mapping McClendon's New Venture
The former Exxon CEO's son John Raymond  is the Managing Partner, Chief Financial Officer, and Chief Executive Officer of Minerals & Energy Group, currently the largest capital investor in McClendon's start-up venture. He is also a partner McClendon's new venture. Ryan Turner, Chesapeake's Stock Plan Manager  has also joined the team as a partner .
Photo Credit: YouTube Screenshot 
“Mr. Eads…is a prince of this world,” the New York Times reported in October 2012. “His financial innovations helped feed the gas drilling boom, and he has participated in $159 billion worth of oil and gas deals since 2007.”
Eads maintained tight financial ties with McClendon when he was at the helm of Chesapeake Energy . The flow chart below depicts the financial and career ties binding Eads and McClendon.
Flowchart Credit: Dory Hippauf, Raging Chicken Press 
High Stakes Game
In teaming up with Lee Raymond, the former CEO of ExxonMobil — notorious for its role in funding climate change denial  — and his brother John, McClendon has shown he is back in Ohio ready to play ball.
But a recent Environmental Integrity Project report  indicates the life-cycle climate change impacts of fracking are more severe than previously thought.
With the U.S. Navy predicting an ice-free Arctic summer by 2016  due to climate change, it's a ball game with undeniably high stakes.
Photo Credit: Cleveland Museum of Natural History