KKR and Fleur de Lis Energy to Acquire Wyoming EOR Assets
Commenting on the acquisition, FDL CEO Porter Trimble stated: "The FDL team has a deep history and significant experience acquiring and operating similar, high quality oil fields under tertiary recovery. These fields have over 2 billion barrels of original oil in place, with only a portion of that recovered to-date. These are exactly the type of long-lived oil assets we look to own and operate"
The Assets include the Salt Creek Field,
"This is a very interesting time in the cycle to be acquiring long-lived, producing oil assets, and we are pleased to be able to do so in partnership with the Fleur de Lis team. Porter and his team have a strong track record of creating value with mature tertiary recover projects by finding opportunities to enhance performance." said Jonathan Smidt, a Member of KKR.
Founded by former Merit Energy Company Vice Chairman, Porter Trimble, FDL currently manages 7,400 BOE/day of natural gas assets in Southern
KKR's Global Energy & Infrastructure business invests across the entire energy supply chain and the firm manages approximately
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 & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com.
About Fleur de Lis Energy
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