is exploring a possible sale of its oil and gas operations in the Permian basin that could fetch more than $1.5-billion, the latest company to do so at a time of high demand for acreage in the heart of U.S. shale country, people familiar with the matter said.
An investment bank is advising TRP on the process, added the sources, who cautioned a deal is not guaranteed and spoke on condition of anonymity to discuss confidential information.Private operators of oil and gas assets in the Permian, which stretches across parts of Texas and New Mexico, are securing profitable exits as listed companies pursue deals to expand there.
More than $10-billion of such deals have been struck in the Permian so far in 2023, according to data provider Enverus.
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