Occidental Buying CrownRock for $12 Billion
The acquisition of CrownRock by Occidental comes at a time when there's increasing consolidation in the energy sector.
Source: manufacturing.net
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Occidental to acquire oil driller CrownRock for $12 billion
Occidental Petroleum Corp. has agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $12.0 billion, including the assumption of $1.2 billion in debt, as consolidation heats up in North America’s most-prolific oil basin.
Source: worldoil.com
Occidental to Buy Oil Driller CrownRock for $10.8 Billion
Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up…
Source: financialpost.com
Occidental buying CrownRock in cash-and-stock deal valued at about $12 billion
Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion.
Source: local10.com
Occidental buying CrownRock in cash-and-stock deal valued at about $12 billion
Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion. "We found CrownRock to be a strategic fit, giving us the opportunity to build scale in the Midland Basin," Occidental President and CEO Vicki Hollub said in a statement, referring to the vast oil and gas fields in western Texas. U.S. domestic oil production hit an all-time high in October.
Source: aol.com