One-Page Deal Sheet
KKR Acquires Oil and Gas Assets in Southeast Texas
Kohlberg Kravis Roberts & Co. (KKR) Not Disclosed
Announced Date
December 01,2010
Close Date
December 01,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
40
Asset/Basin:
{"Gulf Coast"}
TargetZones:
{"Wilcox formation"}
Transaction Details: Require Private Equity Subscription
Kohlberg Kravis Roberts & Co announced today that the firm has acquired certain oil and gas assets in southeast Texas in two related acquisitions. The transactions, together valued at $40 million, are the first acquisitions by KKR Natural Resources, KKR’s partnership with Premier Natural Resources (“Premier”) formed to pursue investments in oil and gas properties in North America.
“We are both excited about this asset and about the many attractive opportunities that we continue to see to acquire oil and gas properties in North America,” said Jonathan Smidt, a Director at KKR and a senior…
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