One-Page Deal Sheet
KKR Natural Resources Acquires Barnett Shale Properties from ConocoPhillips
Kohlberg Kravis Roberts & Co. (KKR) ConocoPhillips
Announced Date
January 26,2011
Transaction Type
Property
Asset/Basin:
{"Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Transaction Details: Require Private Equity Subscription
Kohlberg Kravis Roberts & Co.(together with its affiliates, "KKR") announced today that KKR has acquired certain Barnett Shale properties (the "Assets") from ConocoPhillips. Following the $40mm acquisition of Southeast Texas oil and gas assets in November, the transaction is the second investment made by KKR Natural Resources (the partnership between KKR and Premier Natural Resources that was formed to pursue investments in North American oil and gas properties).
Located in North Central Texas and producing out of the Barnett Shale formation, the Assets contain 93bcfe of total net proved…
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