Major investment firms form new Barnett Shale giant

Investment firms Kohlberg Kravis Roberts & Co. NYSE: KKR and Riverstone Holdings LLC are merging oil and gas assets to form Trinity River Energy, a new Fort Worth-based company that will become one of the largest operators in the Barnett Shale.Trinity River will have Barnett Shale wells capable of producing up to 258 million cubic feet per day of natural gas. The driller will also have oil and natural gas liquid-rich properties throughout Texas, Louisiana and Mississippi.The company formed from the combination of KKR Natural Resources and Legend Production Holdings, a Riverstone company. Both KKR, which manages investments across various asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds, and Riverstone, an energy and power-focused private investment firm, have offices in Houston.

via KKR, Riverstone Holdings form Trinity River Energy from KKR Natural Resources, Legend Production Holdings – Houston Business Journal.

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