KKR Partners to Develop the East Texas Eaglebine
"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
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
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