Occidental Petroleum Corporation has successfully completed its high-stakes acquisition of CrownRock, a prominent US-based oil and gas producer, in a landmark $12 billion deal. Announced in December 2023 and now finalised, this transaction represents a significant expansion of Occidental’s operations in the Midland Basin, one of the most prolific oil-producing regions in the United States. […]
Occidental Petroleum Corporation (NYSE: OXY) has announced a major divestiture deal, agreeing to sell key assets in the Delaware Basin to Permian Resources (NYSE: PR) for approximately $818 million. This strategic move, part of Occidental’s broader $4.5 billion to $6 billion divestiture program, is aimed at reducing debt and optimizing its financial position ahead of […]
Permian Resources Corporation (NYSE: PR) has announced a series of significant portfolio optimization transactions, marking a new era in its strategic growth. These transactions include two bolt-on acquisitions, a substantial acreage swap, the divestiture of non-core assets, and additional grassroots acquisitions, all set to reshape the company’s future in the oil and natural gas sector. […]
In a strategic move set to reshape the energy landscape, Permian Resources Corporation (NYSE: PR) announced an all-stock transaction to acquire Earthstone Energy, Inc. (NYSE: ESTE). Valued at an eye-popping $4.5 billion, inclusive of Earthstone Energy’s net debt, the deal is anticipated to fortify Permian Resources’ stronghold in the Delaware Basin. The merger implies a […]