PE-backed Covey Park buys additional Haynesville assets from Chesapeake for $465 mln
Dallas-based Covey Park, an oil and gas exploration and production company, has acquired additional assets in the Haynesville shale area of North Louisiana from Chesapeake for $465 million. Covey Park funded a portion of the deal with additional equity commitments from Magnetar Capital, KKR, Triangle Peak Partners and existing backer Denham Capital. Wells Fargo provided financial advice to Covey Park on the transaction. And, Kirkland advised KKR on its financing for the Covey Park acquisition.
16 February 2017•2 mins read
