Kohlberg

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.

Kohlberg Kravis Roberts & Co. (KKR) said Tuesday it has acquired Barnett Shale properties from ConocoPhillips. The deal is the latest in the private equity giant’s march into North American gas shale plays.

An El Paso Corp. subsidiary and private equity firm Kohlberg Kravis Roberts & Co. are investing more than $1 billion through a joint venture (JV) that would focus on domestic natural gas midstream projects.

El Paso Midstream Group Inc. and private equity firm Kohlberg Kravis Roberts & Co. (KKR) on Tuesday announced a $1 billion-plus joint venture (JV) that would focus on domestic natural gas midstream projects in some of the big shale plays.

An El Paso Corp. subsidiary and private equity firm Kohlberg Kravis Roberts & Co. are investing more than $1 billion through a joint venture (JV) that would focus on domestic natural gas midstream projects.

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.

RPM Energy LLC and Kohlberg Kravis Roberts & Co. (KKR) have formed RPM Energy Partners LP to target joint venture opportunities with exploration and production companies in unconventional plays. They offer RPM’s expertise and KKR’s deep pockets.

Kohlberg Kravis Roberts & Co. (KKR) agreed Monday to invest up to $400 million in Hilcorp Resources Inc., a newly formed partnership created to own and develop 100,000 net acres in the Eagle Ford Shale trend of South Texas leased by privately held Hilcorp Energy Co.

Private equity firm Kohlberg Kravis Roberts & Co. (KKR) said it plans to exit its investment in privately held East Resources Inc. in connection with the recent announcement that Royal Dutch Shell plc has agreed to pay $4.7 billion to acquire East Resources’ principal subsidiaries (see NGI, May 31). KKR invested $350 million in Warrendale, PA-based East Resources last year (see NGI, June 15, 2009). That investment “was a catalyst for the growth and development” of East Resources, according to KKR, which said the company succeeded in derisking a substantial part of the Northeastern Marcellus Shale area, developed a critical supply of natural gas to serve the region and saw its annual capital budget grow from $100 million to $350 million over the past year.