Sources say that Raisa Energy is selling US oil and gas assets worth $1.5 billion, according to sources.

People familiar with the matter say that Raisa Energy, a private investment firm, is selling an oil and gas package across several U.S. Shale basins. The package could fetch up to $1.5 billion.

These sources, who asked not to be identified because the process was confidential, said that the sale is still in its early stages and that the final price may fluctuate depending on the market conditions and other variables.

TPH, a boutique advisory firm Perella Weinberg Partners' energy-focused investment bank, advises Raisa in this effort, according to the statement.

Raisa declined to comment on a request for a statement. Perella Weinberg declined to comment.

In the oil and natural gas industry, Raisa's assets are called non-op. This means that the owner pays a part of the drilling and other costs but gets a percentage of the revenues from the hydrocarbons sold in return. Another producer is responsible for the day-to-day operations of these wells.

These non-op positions can be attractive to energy producers who specialize in these assets or to financial investors, as they offer steady returns for those without operating experience.

One source said that approximately half of the Raisa assets' production is natural gas. The total net production per day is around 63,000 barrels equivalent to oil.

(source: Reuters)