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U.S. Oil Land Grab Continues - WSJ - The Wall Street Journal

Occidental’s talks to buy CrownRock follow a series of Permian basin deals inked this year.Photo: ANGUS MORDANT/REUTERS

It’s a seller’s market in the U.S. oil patch.

Occidental Petroleum is

in talks to buy CrownRock, one of the last remaining private companies of scale in the Permian basin, The Wall Street Journal reported on Wednesday. If the deal goes through, it would be the latest in a string of mergers and acquisitions this year, including Exxon Mobil’s $64.5 billion purchase of Permian giant Pioneer Natural Resources.  

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U.S. Oil Land Grab Continues - WSJ - The Wall Street Journal
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