Chevron Corp. and Exxon Mobil Corp. are among the companies considering first-round bids this month for closely held oil producer Endeavor Energy Resources LP, according to people with knowledge of the matter.
The two oil majors may be joined by ConocoPhillips in the auction process, which is expected to value the company at about $15 billion including debt, said the people, who asked not to be identified because the information is private. Royal Dutch Shell Plc has also been contacted and may participate in the process, the people said.
The value reflects Endeavor’s size, with drilling rights on 329,000 net acres, of which only 2 percent have been developed, the people said. A $15 billion sale would rank among the top 10 deals ever for a private energy company, according to data compiled by Bloomberg.
Representatives for Endeavor, Chevron, Exxon Mobil and ConocoPhillips declined to comment. A representative for Shell didn’t respond to a request for comment.
Source –> https://www.dallasnews.com/business/exxon-mobil/2018/11/12/exxon-chevron-might-pursue-bids-major-permian-basin-acreage