Blackstone Considers $5 Billion-Plus Sale of Gulf of Mexico Driller Beacon Offshore Energy
Published on: Jan. 21, 2026, 2:01 a.m. | Source: scanx.trade
Blackstone Inc. is in early discussions about selling Beacon Offshore Energy for over $5 billion, marking a potential exit from one of its remaining fossil fuel assets. The Gulf of Mexico driller, owned for about a decade, holds interests in 68 deepwater leases across nearly 400,000 gross acres and operates highly productive wells using advanced drilling technology. The sale comes amid offshore consolidation trends and renewed Gulf drilling activity.
