NEWS & VIEWS

Global private equity and venture capital news and research

KKR in $306m deal for WPX Energy’s Texas, Oklahoma assets

2 Apr 2012

Kohlberg Kravis Roberts plans to buy energy assets covering two US states for $306m from WPX Energy.

The deal is the latest in a string of entries by KKR into the oil and gas industry, following hot on the heels of last month’s $250m partnership with Chesapeake Energy.

It also joined a consortium of investors last November to buy a majority stake in oil and gas producer Samson for $7.2bn.

The deal for the 27,000 acres in Texas and Oklahoma, and 66,000 acres in the Arkoma Basin, was made through KKR Natural Resources, its partnership with Premier National Resources.

A statement from KKR said the partnership could acquire more than $2bn of additional properties over the next few years, with $1bn of capital available for investment.

Elsewhere, KKR is also believed to be interested in bidding for the media assets of Istanbul-based investment major Calik Holdings.

Copyright © 2012 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014