US investment firm Blackstone is considering the sale of Houston-based oil and gas player Beacon Offshore Energy. According to reports from several major news outlets, the price tag on the sale could exceed $5bn. Blackstone is discussing with investment banks to bring Beacon Offshore to the market during the first quarter. Beacon, which has been owned by the investment firm for a decade, could attract interest from producers with operations in the Gulf of Mexico. Blackstone has very few remaining fossil fuel assets in its portfolio. Most were shed in recent years, with the most recent one being Olympus Energy in 2025. Beacon was formed by the investment company in early 2016 with a focus on acquiring, exploring, and developing upstream oil and gas properties in the deepwater Gulf of Mexico. Currently, Blackstone holds interests in 68 deepwater leases. Beacon’s biggest assets, which started producing in the second half of 2025, are part of the Shenandoah project, discovered by Anadarko in 2009. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsUnited States