Thursday, August 27, 2026

Private Equity Firms Team Up to Create one of the Barnett Shale’s Largest Producers

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.

Is OPEC Running Out of Gas?

Thanks in part to the U.S. shale oil boom, OPEC is predicting that its share of the world oil market will shrink in 2015 for a third year running, Reuters reported on Thursday. In its 2015 Oil Market Outlook, OPEC sees demand for its oil next year at 29.37 million barrels of oil per day (BOPD), down 0.31 million BOPD