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Portfolio companies of KKR and Riverstone Holdings LLC have merged to create Trinity River Energy, LLC, according to a news release on July 9, 2014. The two portfolio companies, formerly known as KKR Natural Resources Funds and Legend Production Holdings, LLC, did not reveal the financial terms and the transition is expected to be completed by the end of Q3’14. Riverstone has committed $26.1 billion to 108 separate international investments focused on exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry.

Trinity River Energy will produce a total of 258 MMcfe per day, according to the company site. Its current output consists of roughly 5% of all natural gas produced from the play, according to data from the Texas Railroad Commission. Trinity also holds opportunities in the Permian Basin of Southeast Texas, Louisiana and Mississippi. Its headquarters will be based in Dallas, Texas.

Activity in the Barnett pertaining to rig count has dropped on a yearly basis since 2010, and the number of permitted wells in 2013 was the lowest since 2001. According to data compiled by EnerCom, Inc., the Barnett shale holds an average of 500 MBOE of EUR in its wells – lower than the Marcellus, Woodford and Haynesville. The wells spud per rig in the region have increased by 24% since 2012, however, as the industry has shifted to a more oil-intensive focus in recent years.

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.