KKR to acquire Barnett shale, Arkoma basin assets

By OGJ editors

Kohlberg Kravis Roberts & Co. LP (KKR) agreed to acquire certain Barnett shale and Arkoma basin assets from WPX Energy for $306 million.

The transaction, expected to close during the second quarter, is being made through KKR Natural Resources, KKR’s partnership with Premier Natural Resources (PNR) to pursue investments in North American oil and gas properties. The transaction is KKR Natural Resources’ third acquisition in the Barnett shale.

The Barnett shale properties currently produce 67 MMcfd net.

KKR has invested in energy sector for more than 20 years. PNR was formed out of the acquisition and exploitation business plan implemented by Vintage Petroleum Inc.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...