Occidental's $12 billion CrownRock deal an 'aggressive move' amid Big Oil's Permian consolidation
Occidental Petroleum's (OXY) announcement that it will buy privately held oil and gas producer CrownRock for $12 billion marks the latest move in a consolidation trend that is sweeping across the Permian Basin. CrownRock owns 94,000 net acres in the Permian Basin of West Texas. The acquisition…
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