Spur, KKR start with Permian Northwest Shelf acquisition
Looks like a new muscle car is pulling into the Permian Basin. And it's powered by a full tank of high octane gas.

Spur Energy Partners LLC, led by co-founder and former CEO of WildHorse Resource Development Jay Graham, and KKR (NYSE: KKR) have formed a partnership to acquire large, high-margin oil and gas production and development assets starting with a definitive agreement to acquire the Permian Northwest Shelf assets of Percussion Petroleum LLC.

Dash Lane, Managing Director on KKR’s Energy Real Assets team, said, “This acquisition is the first step in what we expect to be a multi-billion dollar investment partnership with Spur, which we believe is well-positioned to create ...

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