KKR Partners to Develop the East Texas Eaglebine
October 28, 2014
KKR will
“We have long admired Anadarko as one of the top independent oil and
natural gas exploration and production companies and a company with
particularly strong execution capabilities in unconventional resource
basins,”
KKR is making the investment in the Partnership primarily through its
Energy Income and Growth Fund I (“EIGF”), which generates a return
through current income and capital appreciation while seeking to provide
inflation protection through commodity exposure. The non-operated
drilling strategy within EIGF is part of an effort to support the large
capital needs of oil and gas companies in attractive unconventional
resource basins in
This is KKR’s first investment with Anadarko and first investment in the
Eaglebine formation. The Eaglebine is an extension of the
About KKR
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
KKR
Director of
Communications, Americas
Kristi.Huller@kkr.com
Source:
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