Investing.com -- Global commodities trader, Vitol, is considering the sale of its business, VTX Energy Partners, a U.S. shale oil and gas producer. The deal could potentially value the company at up to $3 billion, including debt, according to a Reuters report on Thursday.

Currently, Vitol is collaborating with investment bankers at Jefferies to seek potential buyers for VTX’s assets. These assets are located in the southern Delaware region of the Permian Basin.

However, these talks are still in the early stages. The report also cautioned that a deal is not guaranteed and Vitol may ultimately decide to retain the business.

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