Boston, MA 05/07/2014 (wallstreetpr) – Talisman Energy Inc. (USA) (NYSE:TLM) is one of the leading upstream oil and gas companies of the world which majorly work in USA and Asia Pacific. This company has always opted for doing business safely and in such a way that there is no harm to the environment from any of its operations. Talisman Energy Inc. has a joint venture in Texas’s oil-rich Eagle Ford basin, in collaboration with STATOIL ASA (OTCMKTS:STOHF) . The company is planning to sell this venture, and the deal will approximately cost $4 billion, said the sources.
Both the companies have started contacting the banks which can settle down this transaction between both of them in a 50:50 mode. This information was given by the sources who did not want to disclose their identity as of now. One other side of this transaction is that there are several large oil producing companies in and around that area so they might be interested in this deal as to increase their network and oil producing power. Few of the names who top this list include Murphy Oil Corporation (NYSE:MUR) , Encana Corporation (USA) (NYSE:ECA) ., and Devon Energy Corp (NYSE:DVN).
Talisman Energy Inc. and Statoil ASA have many properties around the world, and with an objective to raise capital for more profitable projects they have been selling their properties steadily. Sale of Texas’s oil-rich Eagle Ford basin is one such strategic move taken by both the companies. The deal was made last year too; Talisman Energy Inc. (USA) (NYSE:TLM) tried to find a buyer for its 50% share, but the deal could not be executed as the other partner Statoil ASA was not ready to exit. None of the spokesperson from both the companies looks to open their mouth on this issue, even after contacting several times, no one from the higher management said anything about this matter. As both the parties are now ready, the deal seems to close in sometime.
