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Premier Natural Resources, LLC (Premier) is a small, growth oriented private oil and gas company, focused upon the acquisition and efficient exploitation of hydrocarbons within the United States. Headquartered in Tulsa, Oklahoma, the genesis of the company is tied to the $4.1 billion January 2006 sale of Tulsa based Vintage Petroleum to Occidental Petroleum. Following this sale, a core operating team of Vintage personnel formed a group to apply Vintage’s proven strategy of acquisition/exploitation coupled with the increased business flexibility allowed by a privately owned company. Under the leadership of Mr. Charles Stephenson, founder and Chairman of the Board of Vintage Petroleum, and Mr. Chris Jacobsen, Vice President of U.S. Operations at Vintage, Premier began full-time operations in June 1, 2006.

Premier’s proven growth strategy incorporates the following key points:

• Identify "out of favor" assets associated with target sellers.
• Prepare a rigorous review of existing operations, focusing upon improved recovery from currently producing horizons, additional productive horizons behind pipe, and improved operational efficiencies.
• Acquire the property for a competitive price relative to the opportunities afforded.
• Through the application of new technologies and old fashioned hard work, expand the upside potential of the properties beyond the original evaluation.

Although the Gulf Coast of Texas is the current focus of existing operations, Premier’s broad background experience and operational abilities allow it to stand poised to secure the next "right" deal wherever it may be located in the US.

PRESS RELEASES...

April 26th, 2011 - KKR ACQUIRES BSP FOR $104 MILLION

January 14th, 2011 - KKR ACQUIRES BSP

October 27th, 2010 - KKR CLOSES OIL & GAS INVESTMENTS

February 10th, 2010 - KKR AND PNR PARTNER