This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

KKR Partners With Fleur De Lis Energy

Stocks in this article: KKR

Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) and Fleur de Lis Energy, LLC (“FDL”) today announced a new partnership to pursue investments in producing oil and gas properties in North America. The partnership will be part of KKR’s Natural Resources (“KNR”) platform.

Founded by Porter Trimble, former Vice Chairman of Merit Energy Corporation, Fleur de Lis Energy specializes in the acquisition and exploitation of producing conventional and unconventional oil and gas assets in North America. Mr. Trimble has 25 years of oil and gas experience and over the course of his career has successfully led the acquisition of over $6 billion of upstream oil and gas assets both domestically and internationally.

George R. Roberts, co-CEO and co-Chairman of KKR, stated, “We have a long history of backing proven management teams. Porter and the team he has assembled at FDL have a long and successful track record of owning and operating oil and gas assets, making them the perfect partner for our platform. We look forward to working with them to continue building our natural resources effort.”

The commercialization of unconventional oil and gas reservoirs has created new opportunities to grow and develop domestic energy resources. KNR was formed in 2010 to capitalize on this shift by developing a business to acquire and operate producing oil and gas properties that are considered non-core by companies looking to focus their portfolio on high-growth unconventional development opportunities. To date, KNR has completed six separate transactions, acquiring nearly $1.2 billion of assets in Texas, Louisiana, and Mississippi.

“Porter Trimble and FDL bring the deep industry experience, technical insights and operating capabilities we are looking for in a partner. Together we think we are a differentiated buyer of non-core assets from companies looking to raise capital and free up the management time and attention that those assets currently consume,” said Jonathan Smidt, a Member of KKR and Head of KKR Natural Resources.

Porter Trimble, CEO of Fleur De Lis Energy added, “We are excited to partner with KKR, the finest global investment firm in business today. KKR is a strong partner, sharing the same strategy, values and vision as FDL. Together we will acquire high quality oil and gas assets that will provide consistent long term returns to our investors.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,073.39 +43.18 0.24%
S&P 500 2,089.45 +7.57 0.36%
NASDAQ 4,798.4480 +24.9760 0.52%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs