KKR and Fleur de Lis Energy (FDL) have closed an acquisition of certain carbon-dioxide enhanced oil recovery (EOR) properties from Anadarko Petroleum Corp. The assets are located in the Powder River and Green River basins of Wyoming.
Commenting on the acquisition, FDL CEO Porter Trimble stated, “These fields have over 2 billion barrels of original oil in place, with only a portion of that recovered to date. These are exactly the type of long-lived oil assets we look to own and operate.”
The assets include the Salt Creek Field, Monell Field, Linch Field, and Howell Pipeline with approximately 14,000 boe/d of net production and carbon-dioxide pipeline capacity of 270 mmcf/d. The assets also include an inventory of near-term development opportunities.