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Occidental Petroleum Corp OXY has entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P. for cash and stock in a…
The transaction will add 170,000 barrels of oil equivalent per day to Occidental's production and 1,700 locations to the company's operations in the Permian.
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter.
Occidental plans to finance the deal with $9.1 billion of new debt and issuing about $1.7 billion of common equity, while assuming $1.2 billion of existing...
When: Clay supervisors meeting, Nov. 28.