KKR & Co. May Buy Part of Samson Investment
Kohlberg Kravis Roberts & Co. is seeking to acquire most of Samson Investment Co., a privately held U.S. oil and gas company.
Kohlberg Kravis Roberts & Co. (KKR & Co.) is seeking to acquire most of Samson Investment Co., a privately held U.S. oil and gas company, Reuters reports. As the private equity firm is unlikely to be interested in buying Samson’s Gulf of Mexico assets, KKR’s offer is likely be around $7 billion. Discussions for the purchase are on-going and the deal is not yet final.
Samson, which could be worth $8 billion to $10 billion as a whole, appointed investment bank Jefferies Group to advise on the sale. Tulsa, Oklahoma-based Samson manages over 4,000 wells and has interests in over 11,000 wells.
Click here for the story from Reuters.