- Kinder Morgan (NYSE:KMI) is seeking to sell oil and gas properties west Texas' Permian Basin in a deal that could fetch more than $10B, Forbes reports.
- The properties are mostly in the Sacroc area but also the Katz, Yates, Goldsmith and Cotton fields, and produce 56K bbl/day of oil.
- Among potential buyers speculated in the report are Occidental Petroleum (NYSE:OXY), Blackstone-backed Windy Cove Energy, and Fleur de Lis Energy.
- A sale would pay down a large chunk of KMI's debt load, which recently totaled more than $40B.