Kohlberg Kravis Roberts Buys Barnet Shale Properties

Buyout shop Kohlberg Kravis Roberts said it will pay $104 million for properties in the Barnett shale in Texas, Reuters reported. The firm is buying the properties from explorer and producer Carrizo Oil & Gas. The acquisition, via KKR Natural Resources, the firm’s partnership with privately held Premier Natural Resources, marks the private equity fund's second venture in Barnett, Reuters wrote.

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