TRP Energy 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.
TRP, in which Greenbelt Capital Partners owns a controlling stake, holds around 15,000 net acres in the Midland portion of the Permian and produces about 25,000 barrels of oil equivalent per day, said the sources.
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Source: REUTERS
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