Chesapeake & KKR Form Partnership to Invest in Royalties

Chesapeake Energy and Kohlberg Kravis Roberts (KKR) are joining forces to invest in buying royalty interests in shale drilling areas in the United States. KKR is a global investment firm with $59 billion in assets under management. Under the deal, Chesapeake will find the deals and contribute 10 percent of the money, and KKR will kick in the other 90 percent of the money. The initial commitment is to invest $250 million.

From the joint press release:

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