Occidental Petroleum is in talks for the potential acquisition of fellow oil and gas producer CrownRock, active in the Permian, the Wall Street Journal has reported, citing unnamed sources familiar with the development. According to these sources, the deal could value CrownRock at over $10 billion, including debt, the report noted. CrownRock operates in the northern part of the Midland Basin and has some 80,000 net acres to its name. The company pumps some 150,000 barrels of oil equivalent daily, per Fitch Ratings data cited by the Wall Street…
