CrownRock LP is getting ready to explore a sale that could value the company at “well over” $10B, including debt, Reuters’ David French reports, citing people familiar with the matter. The private equity-backed oil and gas producer has initiated talks with investment banks about tapping advisers to run a sale process that will kick off by early next year, the author says. Oil majors including Exxon Mobil (XOM) and Chevron (CVX) are among those anticipated to be contacted to gauge interest in the matter, the author notes.
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