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KKR Prospects for Natural Gas After Leveraged Buyouts Dry Up
July 09, 2010, 12:10 AM EDT

Last month, KKR said it plans to invest as much as $400 million in a partnership with closely held Hilcorp Energy Corp. to develop a shale deposit in Texas. KKR will hold 40 percent of the partnership, with Hilcorp owning the rest and managing operations.

The full read here

http://www.businessweek.com/news/2010-07-09/kkr-prospects-for-natural-gas-after-leveraged-buyouts-dry-up.html


Also this
Following are some major shale oil and gas acquisitions since 2009:

OCTOBER 2010:

* Plains Exploration & Production Co (PXP.N) spent $578 million on property in Texas' Eagle Ford shale. The assets total about 60,000 net acres in south Texas believed to hold oil and gas condensate, and are expected to have a net resource potential of 140-175 million barrels of oil equivalent (mmboe).

SEPTEMBER 2010:

* Gastar Exploration Ltd (GST.A) said it would sell half its interests in the booming Marcellus shale to a unit of South Korean investment firm Atinum Partners Co for $70 million.

AUGUST 2010:

* Rex Energy Corp (REXX.O) agreed to sell some of its acreage in the Marcellus shale to a unit of Japan's Sumitomo Corp (8053.T) for just over $140 million.

* Reliance Industries (RELI.BO) announced its third shale deal of the year with the acquisition of a 60 percent stake in a JV with Carrizo Oil & Gas (CRZO.O) in Marcellus for $392 million.

JULY 2010:

* Hess Corp (HES.N) said it would buy American Oil & Gas Inc (AEZ.A) in a stock deal worth about $445 million and boost its acreage in the North Dakota Bakken shale oil play.

JUNE 2010:

* Reliance said it would invest $1.36 billion in the U.S. shale gas assets of Pioneer Natural Resources (PXD.N).

APRIL 2010:

* British gas producer BG Group (BG.L) said it would pay $950 million for a 50 percent interest in shale gas assets in Appalachia from EXCO Resources (XCO.N).

FEBRUARY 2010:


http://www.reuters.com/article/idUKTRE69A3FN20101011?type=companyNews