Occidental Petroleum in Talks to Buy CrownRock, WSJ Reports
- Deal could value the firm at above $10 billion including debt
- Talks come as oil companies snap up assets in Permian Basin
This article is for subscribers only.
Occidental Petroleum Corp. is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal, as the consolidation wave in North America’s most prolific oil field gathers momentum.
A deal for CrownRock could be valued above $10 billion including debt and could come together soon, the newspaper reported, citing people familiar with the matter.