BP is weighing a potential acquisition of Devon Energy’s South Texas Eagle Ford operations as part of a renewed push to expand its U.S. shale business. The company has entered data rooms for a small number of shale assets, focusing mainly on oil-producing properties valued at $2 billion to $5 billion, though access does not guarantee a bid or transaction. Analysts at TPH estimate Devon’s Eagle Ford asset could be worth about $4.5 billion, while sources cited valuations of $3.5 billion to roughly $4 billion. BP has recently prioritized debt reduction and a $20 billion divestment target but is shifting back toward oil and gas under CEO Meg O’Neill. Its BPX Energy unit produced about 545,000 barrels of oil equivalent per day in the second quarter, including approximately 205,000 boepd from its existing Eagle Ford operations, and targets more than 650,000 boepd by 2030. Devon is also marketing Powder River Basin acreage following its $58 billion merger with Coterra Energy.