UPDATE: Sanchez Energy (SN) in Talks to Partner with Blackstone (BX) on Deal for Anadarko Petroleum (APC) South Texas Assets - DJ

October 27, 2016 3:03 PM EDT

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(Updated - October 27, 2016 3:05 PM EDT)

Sanchez Energy (NYSE: SN) is in talks to partner with Blackstone (NYSE: BX) on a deal for Anadarko Petroleum's (NYSE: APC) South Texas assets, according to Dow Jones sources. A deal could value the assets at $3-3.5 billion.

A deal could be announced in the next few weeks.

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