KKR and Riverstone Holdings to Form Trinity River Energy
– Merger of Existing Assets of KKR Natural Resources and Legend
Production Holdings to Create One of the Largest Oil & Gas Operators in the Barnett Shale –
FORT WORTH, HOUSTON & NEW YORK, July 9, 2014 – Leading global private equity firms KKR and Riverstone Holdings LLC (“Riverstone”) today announced the signing of a definitive agreement to merge the existing assets held by KKR Natural Resources Funds (“KNR”) with the assets of Legend Production Holdings, LLC (“Legend”), a portfolio company of Riverstone, to create a new oil and gas company called Trinity River Energy, LLC (“Trinity” or “the Company”). Financial terms of the transaction were not disclosed.