Jan 20 (Reuters) - Blackstone (BX.N) , opens new tab 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.

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

https://www.reuters.com/business/energy/blackstone-weighs-5-billion-sale-beacon-offshore-bloomberg-news-reports-2026-01-20/