Blackstone weighs $5 billion sale of Beacon Offshore, source says

Reuters //January 20, 2026//

Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon

Reuters //January 20, 2026//

Jan 20 (Reuters) – Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico, for more than $5 billion, a source familiar with the matter said on Tuesday.

Earlier in the day, Bloomberg News reported that Blackstone has begun early discussions with investment banks about a potential initial public offering of the Houston-based company as soon as the first quarter.

The company is expected to attract interest from major Gulf of Mexico producers, the report said.

(Reporting by Katha Kalia in Bengaluru)

Tags: mergers and acquisitions, energy assets, IPO, Blackstone, private equity, oil and gas, Beacon Offshore Energy, Gulf of Mexico

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