Endeavor Energy Explores Sale for as Much as $30 Billion, Reuters Says
- It’s the largest closely-held oil company in the Permian basin
- Endeavor has drawn interest in past from Exxon, Chevron
An Endeavor Energy worker waits on a drill rig in the Permian basin outside of Midland, Texas.
Photographer: Brittany Sowacke/Bloomberg
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Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.
The Midland, Texas-based company founded by Autry Stephens has enlisted JPMorgan Chase to launch a sale process in the first quarter of 2024, Reuters said, citing people familiar with the matter.