US private equity firm EnCap Investments is considering options to sell two bundles of oil and gas assets in Texas, raising more than $6 billion, Bloomberg has reported.
The positions in the Delaware basin comprises Advance Energy Partners, Ameredev II, and the Midland basin, which covers assets from Black Swan Oil & Gas, Piedra Resources, and Petrolegacy Energy.
Oil and gas investment giant EnCap combined Advance Energy Partners and Ameredev II in December, to create one of the largest privately-owned oil producers in the Delaware basin, a part of the larger Permian basin.
Read more: Private Equity Wire
