Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin.
KKR’s investment amount was not disclosed, Kallanish Energy reports.
Western CEO Heath Mireles and his team bring operating experience to the partnership, having drilled, completed and operated thousands of wells in the Williston. The Western team will acquire, manage and develop producing wells and drilling locations throughout the play.
“The Williston continues to be a core area of focus for us as we see a significant opportunity to acquire high quality producing assets with attractive long-term value creation opportunities to be delivered through superior technical and operational execution,” said Ben Connor, director of KKR’s Energy Real Assets team.
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