KKR Natural Resources and Fleur de Lis Energy to Acquire Permian Basin Properties from Linn Energy LLC

Natural Resources Platform Builds on Producing Oil and Gas Strategy with West Texas Acquisition

NEW YORK & DALLAS–(BUSINESS WIRE)–KKR today announced that it has signed a definitive agreement to acquire certain oil and gas properties in Ector and Midland Counties of the Permian Basin (the “Assets”) from Linn Energy, LLC for $350 million. The transaction, which is expected to close in the fourth quarter, is being made through the KKR Natural Resources’ (“KNR”) partnership with Fleur de Lis Energy (“FDL”) that is focused on pursuing investments in producing North American oil and gas properties.