Affiliate

Texas American Resources Co. affiliate TARH E&P Holdings LP completed a farmout on a portion of its Eagle Ford Shale and Buda acreage in South Texas.

Carrizo Oil & Gas Inc. agreed to sell substantially all of its Barnett Shale Tier 1 properties to KKR Natural Resources (KNR), a partnership of an affiliate of Kohlberg Kravis Roberts & Co. LP (KKR) and Premier Natural Resources, for $104 million, the companies said Wednesday.

An affiliate of The Blackstone Group and Alta Resources LLC, whose partners include industry icon George P. Mitchell, said last week their newly formed Alta Energy Partners will invest up to $1 billion in North America’s unconventional natural gas and oil properties.

Eagle Rock Energy Partners LP will purchase Tulsa-based CC Energy II, a portfolio company of Natural Gas Partners VIII LP that is also called Crow Creek Energy, for $525 million, the Houston-based partnership said Tuesday.

Alta Energy Partners, a newly formed joint venture of privately held Alta Resources LLC and an affiliate of The Blackstone Group, launched plans Tuesday to invest up to $1 billion in unconventional natural gas and oil properties in North America.

An affiliate of The Blackstone Group and Alta Resources LLC, whose partners include industry icon George P. Mitchell, said Tuesday their newly formed Alta Energy Partners will invest up to $1 billion in unconventional natural gas and oil properties in North America.

An affiliate of ArcLight Capital Partners LLC will acquire a 9.9% stake in OGE Energy Corp.’s Enogex midstream gas pipeline subsidiary, OGE Energy said. OGE Energy will contribute its marketing business, OGE Energy Resources Inc., to Enogex. ArcLight, a private equity firm based in Boston, has agreed to pay OGE Energy $183 million. The transaction is expected to be completed by Nov. 1 and will enable ArcLight to increase its stake over time. “As emerging natural gas resource plays continue to be developed, they are creating significant midstream infrastructure opportunities,” said Robb Turner, co-founder of ArcLight Capital Partners. “Enogex has substantial organic growth opportunities around its strategically located Midcontinent operations.”

Chesapeake Energy Corp. has sold a five-year volumetric production payment (VPP) to an affiliate of Barclays Bank PLC for proceeds of $1.15 billion related to its production from the Barnett Shale of North Texas, the company said Monday.

A Barnett Shale landowner is suing units of Chesapeake Energy Corp. alleging underpayment of royalties via a scheme involving gas sales to an affiliate at less than full value. The lawsuit seeks class action status.