'U.S. Shale Producer Highpeak Energy Exploring Sale After Receiving Takeover Interest' - Reuters Exclusive

HighPeak Energy is exploring a sale after receiving acquisition interest from an international buyer, as confirmed by sources. The company, which operates in the Midland portion of the Permian Basin, is working with investment bankers from Evercore and Texas Capital Securities to engage potential buyers. HighPeak has a market value of approximately $1 billion and reported $1.1 billion in long-term debt as of June 30. The heightened appeal for U.S. crude assets is attributed to increased market instability due to ongoing geopolitical tensions.