KKR Natural Resources has acquired certain oil and gas assets in southeast Texas.

The transactions, together valued at $40m, are the first acquisitions by KKR Natural Resources.

The assets are largely comprised of long-lived natural gas wells producing out of the Wilcox formation in southeast Texas.

KKR Natural Resources is a partnership formed between Kohlberg Kravis Roberts & Co and Premier Natural Resources to pursue investments in oil and gas properties in North America.

PNR currently operates assets located in the Texas Gulf Coast and the Permian Basin.