, Reuters reports, citing unnamed sources. Privately-held CrownRock is valued between $10 billion and $15 billion, according to Reuters sources, and ConocoPhillips has expressed interest in the sale, as have a host of other producers, including Marathon Oil, Devon Energy, Continental Resources and Diamondback Energy. None of the companies mentioned has confirmed the Reuters report, though Bloomberg likewise reported earlier this month that Devon has expressed interest in CrownRock.
A deal for CrownRock would be the third new deal to accentuate the consolidation of the American shale patch. Earlier this week, Chevron announced it would acquire Hess Corporation in an all-stock transaction valued at $53 billion, giving Chevron exposure to offshore Guyana’s oil bounty. Earlier this month, ExxonMobil announced a deal to buy Pioneer Natural Resources in an all-stock transaction valued at $59.5 billion.