The private-equity firm KKR & Co. LP formed a partnership with Fleur de Lis Energy LLC (FDL) to invest in North American producing oil and natural gas properties, KKR said March 27, noting that the partnership will be part of KKR’s natural resources platform.
Porter Trimble, CEO of Fleur De Lis Energy, added, “We are excited to partner with KKR, the finest global investment firm in business today. KKR is a strong partner, sharing the same strategy, values and vision as FDL. Together, we will acquire high quality oil and gas assets that will provide consistent long-term returns to our investors.”
“We have a long history of backing proven management teams. Porter and the team he has assembled at FDL have a long and successful track record of owning and operating oil and gas assets, making them the perfect partner for our platform. We look forward to working with them to continue building our natural resources effort,” said George R. Roberts, co-chairman and co-CEO of KKR.
KKR & Co.’s natural resources platform has completed six transactions to acquire nearly $1.2 billion in noncore producing assets in Louisiana, Mississippi and Texas since its 2010 formation, the company said.
Premier Natural Resources operates these assets, KKR noted, adding that in aggregate they produce 130 million cubic feet equivalent per day (MMcfe/d) of oil and natural gas.
New York-based KKR & Co. handles international investments.
Dallas-based Fleur de Lis Energy LLC acquires unconventional and conventional producing North American oil and natural gas assets.
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