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KKR & Co. and a trio of co-investors have agreed to pay $7.2 billion for Samson Investment Co., one of the largest closely held oil and gas explorers in the U.S.
The deal is by far the biggest of KKR’s mounting bets on the shale-fueled U.S. oil and natural-gas drilling boom, and establishes the private-equity firm as a significant player in the country’s energy production.
Samson has been owned by the Schusterman family since its inception 40 years ago. It has stakes in more than 10,000 wells.
