The agreement provides KNR with properties comprising 27,000 net acres, interests in 320 wells and 91 miles of pipeline in North Central Texas and Eastern Oklahoma.
The Arkoma properties include about 66,000 net acres, 525 wells and 115 miles of pipeline in the Arkoma Basin.
The acquisition, slated to close in the second quarter, is KNR’s third acquisition in the Barnett Shale.
The company has $1bn of capital currently available for investment, and intends to acquire over $2bn of additional assets both within and outside its core operating areas over the next few years.
KNR has acquired over $900m assets since its inception in 2010, including over $600m of assets to date in 2012, and now operates over 150 mmcfe/d of net production.
