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ConocoPhillips is in advanced discussions to sell some of its Oklahoma assets to Stone Ridge Energy, a privately held company, for approximately $1.3 billion. This potential transaction is part of ConocoPhillips' ongoing strategy to refine its portfolio following major acquisitions. Separately, Blackstone has emerged as the leading bidder to acquire Enverus, a provider of data, analytics, and software solutions to the oil and gas sector, with a proposed offer of around $6 billion. These developments highlight continued consolidation and investment in the energy industry, particularly in asset management and energy intelligence services.
BREAKING: Blackstone emerges as frontrunner to buy Enverus for around $6 Billion, per Reuters Enverus provides data, analytics, and software solutions to oil and gas companies https://t.co/bgbQoVvxMK
Exclusive: Blackstone emerges as frontrunner to buy Enverus, sources say https://t.co/CGDt47Svf2 https://t.co/CGDt47Svf2
Blackstone's $6B bid for Enverus signals a deeper bet on energy intel as market volatility and geopolitical risk keep data in high demand. https://t.co/ubbyUHEMg9 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket #NaturalGas #shale #ONGT https://t.co/o2ZIbTIULD
