Shale -- October 18, 2023

Locator: 45818B.

Link here.

Link here.

CrownRock, L.P.

• MIDLAND, Texas, April 13, 2021 /PRNewswire/ — CrownRock, L.P. (“CrownRock”), an oil and gas producing joint venture of CrownQuest Operating and Lime Rock Partners, 
• The private equity-backed company, which is led by Texas billionaire businessman Timothy Dunn, has initiated discussions with investment banks about hiring advisers to run a sale process that will kick off by early 2024, the sources said.

To acquire or be acquired.

Prior to the XOM-PXD announcement:

• The potential sale of CrownRock could end up being the largest in the U.S. oil and gas producing patch since ConocoPhillips' all-stock deal for Concho Resources in 2020, which valued the latter at $13.3 billion, including debt.

Channeling PXD.

Could we see a 3-company mega-deal? Nope, just joking, but it would be exciting.

Link here.