KKR Natural Resources and Fleur de Lis Energy to Acquire Permian Basin Properties from Linn Energy LLC
October 3, 2014Natural Resources Platform Builds on Producing Oil and Gas Strategy with West Texas Acquisition
Commenting on the acquisition, FDL CEO Porter Trimble stated: “These are
high quality assets that fit our acquisition and development strategy
perfectly. This field has an extensive geologic column consisting of
multiple producing horizons within the
The Assets are comprised of over 7,200 contiguous acres producing from
multiple hydrocarbon-rich zones, including the
“We believe this represents an exciting opportunity to acquire
high-quality producing assets that will benefit from ongoing
development, and the application of new technologies, within the
hydrocarbon rich
KKR announced its partnership with Fleur de Lis Energy in
KKR’s Global Energy & Infrastructure business invests across the entire energy supply chain. Since 2009, KKR, through its investment funds and vehicles, has invested or committed approximately $4.7 billion to energy-related investments spanning buy-outs, minority equity investments, joint-ventures, and various asset-level and structured investments, making KKR one of the more active private-market investors in the energy space during this period.
About Fleur de Lis Energy
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,
Kristi.Huller@kkr.com
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