Occidental To Acquire CrownRock, Strengthening Its U.S. Onshore Portfolio With Premier Permian Basin Assets oilandgasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgasonline.com Daily Mail and Mail on Sunday newspapers.
After weeks of market speculation, Occidental announced plans to acquire private E&P CrownRock LP for $12 billion, adding core Midland Basin inventory and more upside from deeper zones underground.
US oil company Occidental Petroleum on Monday said it has entered into an agreement to acquire Midland-based oil and gas producer CrownRock L P, for cash and stock in a transaction valued