“KKR KKR +0.47% & Co. has agreed to buy natural-gas fields in Texas and Oklahoma for $306 million as the private-equity firm continues an energy patch spending spree that has seen it commit billions of dollars to oil and gas producing properties.
KKR said Monday that it is acquiring 93,000 gas-producing fields from WPX Energy Inc.WPX -0.83% About a third of the properties are in the Barnett Shale beneath Fort Worth, Texas while the rest is in the Arkoma Basin, which underlies swaths of Oklahoma and Arkansas.
KKR has been among the most aggressive buyers in a surge of private-equity investment in U.S. energy production. In November it led a $7.2-billion acquisition of closely held Tulsa, Okla., explorer Samson Investment Co. And last month it struck a $250-million pact with Chesapeake Energy Inc. CHK -0.17% to invest in oil and gas properties….”
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