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Like Exxon (NYSE:XOM) and BP (NYSE:BP), KKR is betting that energy prices will rise and U.S....

Jul. 09, 2010 8:13 AM ETExxon Mobil Corporation (XOM) StockBP, XOMBy: Rachael Granby, SA News Editor
Like Exxon (NYSE:XOM) and BP (NYSE:BP), KKR is betting that energy prices will rise and U.S. shale gas will be a lucrative investment. The firm is reportedly building an exploration business for unconventional energy, and will focus on gas trapped in shale beds in Appalachia and Texas.

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