KKR PARTNERSHIP...In 2010, Kohlberg Kravis Roberts & Co. (KKR) and Premier Natural Resources LLC (PNR) formed a partnership to pursue investments in oil and gas properties in North America. The partnership combines PNR’s operational and technical knowledge and KKR’s operational, financial, and investment expertise to source attractive investment opportunities and invest conventional assets in diverse basins across the U.S. 
About KKRFounded in 1976 by Henry Kravis and George Roberts, KKR is a leading global alternative asset manager with $54.8 billion in assets under management, over 600 people and 13 offices around the world as of September 30, 2009. KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platforms. KKR is publicly traded through KKR & Co. (Guernsey) L.P. (Euronext Amsterdam: KKR). For additional information, please visit KKR's website at www.kkr.com. KKR’s first investment in the energy sector was in Union Texas Petroleum in 1985. Recent transactions include East Resources, an oil and natural gas exploration and development company; Energy Future Holdings (formerly known as TXU), manager of a portfolio of competitive and regulated electricity subsidiaries operating in Texas; Texas Genco, a major power generation firm, active in the deregulated Texas electricity market and now owned by NRG Energy; and Novi, MI-based ITC Holdings, the nation’s largest independent electric transmission company. |
