KKR Natural Resources Acquires Barnett Shale, Arkoma Basin Properties

May 2012, Vol. 239 No. 5

Kroberg Kravis Roberts & Co. L.P. has entered into a definitive agreement to acquire certain Barnett Shale and Arkoma Basin properties from WPX Energy for $306 million.

The transaction, which is expected to close in the second quarter, is being made through KKR Natural Resources, KKR’s partnership with Premier Natural Resources to pursue investments in North American oil and gas properties, and is KNR’s third acquisition in the Barnett Shale.  

The assets comprise 27,000 net acres in north central Texas and eastern Oklahoma and 66,000 net acres in the Arkoma. The Barnett Shale properties have a net production of 67 MMcf/d.