'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 focuses on the Permian Basin, is working with investment banks 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 of U.S. crude assets is attributed to increased supply risks in the Middle East, with oil prices recently surpassing $100 per barrel.