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Occidental Petroleum Corp. said Monday that it was buying Midland, Texas-based oil and gas producer CrownRock L.P. for $12 billion to expand reach into the Permian Basin and other petroleum-rich regions.
The acquisition of CrownRock by Occidental comes at a time when there's increasing consolidation in the energy sector.
Tim Dunn has used his wealth to establish a network of organizations that push his ultraconservative views across Texas. The deal comes amid a time of consolidation in the Permian Basin.
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Endeavor Energy: The sale would come almost 45 years after Texas oilman Autry Stephens started the company that would become Endeavor. The 85-year-old wildcatter has decided to capitalize on a wave of mega deals sweeping the sector, the sources said.