A New $1.5-Billion Permian Deal Could Be In The Making ...Middle East

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A New $1.5-Billion Permian Deal Could Be In The Making
source : OILPRICE ( Middle East ) () 28
Private U.S. oil and gas producer TRP Energy is considering selling its business in the Permian in a deal expected to fetch over $1.5 billion, sources with knowledge of the matter told Reuters on Thursday. TRP Energy, controlled by Greenbelt Capital Partners, is exploring the sale of around 15,000 net acres in the Midland part in the Permian, as a growing number of private operators have started seeking profitable exits from their operations.   One investment bank is already advising TRP Energy on a potential sale, which is not certain to…

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