XOM - Texas Billionaire Timothy Dunn Backed US Oil & Gas Player Explores $10B Sale | Benzinga
CrownRock is reportedly in the early stages of preparing for a potential sale, with insiders indicating that the company's valuation could surpass $10 billion, including its outstanding debt.
This prospective deal, slated for early 2024, could mark a significant milestone in the U.S. oil and gas industry, as it may be the largest transaction involving an oil and gas producer in the past three years.
Most of CrownRock's ownership is attributed to buyout firms, with Lime Rock Partners taking a 60% stake when it played a pivotal role in its inception in 2007.
CrownRock is helmed by Timothy ...