Talisman, Statoil said to weigh sale of Texas shale venture

CALGARY, Alberta (Bloomberg) -- Talisman Energy Inc. and Statoil ASA are considering selling their JV in Texas’s oil-rich Eagle Ford basin, which could fetch more than $4 bn, 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 Encana Corp., Murphy Oil Corp., and Devon Energy Corp. that want to acquire more oil-producing properties, one of the people said.

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