Permian Basin M&A Frenzy: Occidental's $12 Billion Acquisition of CrownRock
TL;DR Summary
Occidental Petroleum's acquisition of CrownRock LP for $10.8 billion highlights the increasing competition among producers in the Permian Basin for the remaining drilling sites, signaling that the shale basin is running out of targets.
- Occidental's Deal for CrownRock Shows Permian Basin Is Running Out of Targets Bloomberg
- Dunn Deal: Texas Oilman Eyes $2 Billion Payday In Sale To Occidental Forbes
- Tim Dunn sells West Texas oil company to Occidental Petroleum The Texas Tribune
- M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac Reuters
- Occidental to pay $12 billion to buy private Permian Basin company CrownRock MarketWatch
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