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Talisman, Statoil Might Sell Texas Shale JV

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May 7, 2014

Talisman Energy Inc. (NYSE: TLM) and Statoil ASA (NYSE: STO) are considering selling their joint venture in Texas’ oil-rich Eagle Ford Basin, which could fetch more than $4 billion, people with knowledge of the matter said.

The companies have interviewed banks to manage a sale of the 50/50 partnership, said the people, who asked not to be identified because the matter is private. A sale could draw interest from large exploration companies such as Murphy Oil Corp. (NYSE: MUR), and Devon Energy Corp. (NYSE: DVN) that want to acquire more ...

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