Aug 18 (Reuters) - Private investment firm Raisa Energy
is selling a package of oil and gas wells across numerous U.S.
shale basins that may fetch around $1.5 billion, people familiar
with the matter said.
The sale, which is in its early stages, is not guaranteed
and the final price could fluctuate depending on market
conditions and other factors, these sources said, asking not to
be named because the process is confidential.
TPH, the energy-focused investment banking arm of boutique
advisor Perella Weinberg Partners ( PWP ), is advising Raisa on
the effort, they added.
Raisa did not respond to a comment request. Perella Weinberg ( PWP )
declined comment.
The assets being marketed by Raisa are known in the oil and
gas industry as non-op, meaning the owner contributes a portion
of the drilling costs and other expenses and gets a share of the
revenue from the sale of hydrocarbons in return. Meanwhile,
another producer takes charge of the wells' day-to-day
operation.
Such non-op positions are attractive to energy producers
that specialize in such assets, or financial investors who can
pocket steady returns without needing operating knowledge.
Roughly half of the production from the Raisa assets
is natural gas, with total net production around 63,000 barrels
of oil equivalent per day, one of the sources added.