Finance & Investing | Capital Markets | Private Equity Activity
KKR and Chesapeake Form Partnership to Invest in Mineral Interests
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Kohlberg Kravis Roberts & Co L.P. and Chesapeake Energy Corporation today announced the formation of a partnership to invest in mineral interests and overriding royalty interests (together, "royalties") in key oil and gas basins in the United States.
"Chesapeake has been the world's leading discoverer and developer of oil and gas shale plays, which are revolutionizing energy exploration worldwide. We hope that today's partnership is just the beginning; we have long admired Aubrey and the Chesapeake team and we look forward to broadening our relationship over the years ahead," said Marc Lipschultz, Head of KKR's Global Energy & Infrastructure business.
Under the terms of the arrangement, KKR and Chesapeake will make an initial combined $250 million commitment to the partnership. Chesapeake…
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