Occidental buying Permian portfolio

Jack Burke Senior Editor, Compressor Tech2

December 12, 2023

CrownRock transaction worth $12 billion

Occidental said it will acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12 billion.

The company said the purchase complements and enhances Occidental’s Permian portfolio with the addition of…

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