Baytex Considers $3B Eagle Ford Asset Sale ...Middle East

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Baytex Considers $3B Eagle Ford Asset Sale
source : OILPRICE ( Middle East ) () 98
Baytex Energy Corp. is reportedly testing the waters for a $3 billion sale of its U.S. assets, Bloomberg said Thursday, citing people familiar with the matter. The Calgary-based producer is said to be working with advisers to assess “strategic options” for its Eagle Ford shale portfolio in south Texas—though talks are at an early stage and no decision has been made, the publication said. Baytex has not commented on the Bloomberg report, and no independent verification has been made. If the sale talk is real, it would be a pretty…

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