Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity
KKR and Investor Group to Acquire Samson
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An investor group consisting of Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR"), Natural Gas Partners ("NGP"), Crestview Partners ("Crestview") and Itochu Corporation ("ITOCHU"), together comprising "the Investor Group," today announced the signing of a definitive agreement to acquire Samson Investment Company ("Samson"), one of the largest private exploration and production companies in the United States, for $7.2 billion.
Under the terms of the agreement, the Investor Group will acquire all of Samson's assets with the exception of its onshore Gulf Coast and offshore deep water Gulf of Mexico assets, which will continue to be owned by the Schusterman family.
Founded in 1971, Samson owns interests in over 10,000 wells of which it operates over 4,000 wells in the…
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