Endeavor Energy Resources LP, a privately-held Texas oil producer, is considering an initial public offering of stock to expand operations on more than 330,000 acres of land it controls in the booming Permian Basin.

Endeavor is among the largest leaseholders in the biggest U.S. oil field, where acreage is coveted by the world’s top energy firms. Exxon Mobil (XOM.N) last month spent as much as $6.6 billion to double its holdings in the Permian.

Firms last year spent more than $28 billion acquiring land here, and are now pumping about a quarter of all daily U.S. oil output.

READ FULL ARTICLE HERE