Houston co. to buy Eagle Ford acreage from Anadarko, KKR in $625M deal

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The skinny

Houston-based WildHorse Resource Development Corp. (NYSE: WRD) plans to buy about 111,000 net acres in Texas and associated production from The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) and affiliates of New York-based Kohlberg Kravis Roberts & Co. LP (NYSE: KKR). The $625 million deal is expected to close on or about June 30 and increase WildHorse’s Eagle Ford acreage by about 40 percent.

Click to read more at Houston Business Journal.