On Oct. 29, investment firm KKR & Co. LP (NYSE: KKR) said it became a nonoperated working interest partner with Anadarko Petroleum Corp. (NYSE: APC) for development of Anadarko’s Eaglebine acreage.

The acreage in Brazos, Burleson and Robertson counties, Texas, could have more than 500 future wells, in which KKR will participate, the firm said.

The Energy Income and Growth Fund 1 will provide the majority of the investment; it supports North American unconventional resource basin projects, KKR added.

This is KKR’s first investment with Anadarko and first investment in the Eaglebine extension of the Eagle Ford; KKR has invested nine other times in the Eagle Ford. The New York-based firm manages $8.7 billion in energy- and infrastructure-related assets.

“We have long admired Anadarko as one of the top independent oil and natural gas E&P companies and a company with particularly strong execution capabilities in unconventional resource basins,” said Marc Lipschultz, the global head of KKR’s energy and infrastructure business.

“At the core of our energy practice, we seek to identify and work with outstanding companies to provide capital to support their goals while generating compelling expected results for our fund investors. The partnership we forged with Anadarko is exactly this type of investment,” he added.