Occidental (OXY) has entered into a purchase agreement to acquire CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, in a cash and stock deal valued at approximately $12.
Occidental Petroleum said the purchase of CrownRock includes 1,700 undeveloped locations, 750 of which break even at prices of less than $40/bbl of WTI.
- Occidental to Acquire CrownRock, euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.