Kohlberg Kravis Roberts & Co. (KKR) has acquired certain oil and gas assets in southeast Texas in two related deals valued at a combined $40 million, the firm said. The assets are largely comprised of long-lived natural gas wells producing out of the Wilcox formation. The acquisitions are the first by KKR Natural Resources, KKR's partnership with Premier Natural Resources, which was formed earlier this year to pursue oil and gas investments in North America.

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