( ) -q-17- UNDATED (Correspondent Jeremy House) “and New Mexico.” Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion. [CutID: <Cuts> OCCIDENTAL-CROWNROCK-house-q-TUEam.mp3 Time: 17s Title: OCCIDENTAL-CROWNROCK-house-q-TUEam Out-cue: and New Mexico] TAG: Correspondent Jeremy House reporting. —————————— VERBATIM: The acquisition comes at a time when there’s increasing consolidation […]
Audio
Occidental buying CrownRock in cash-and-stock deal valued at about $12 billion
( ) -q-17- UNDATED (Correspondent Jeremy House) “and New Mexico.”
Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion.
[CutID: <Cuts> OCCIDENTAL-CROWNROCK-house-q-TUEam.mp3
Time: 17s
Title: OCCIDENTAL-CROWNROCK-house-q-TUEam
Out-cue: and New Mexico]
TAG: Correspondent Jeremy House reporting.
——————————
VERBATIM: The acquisition comes at a time when there’s increasing consolidation in the energy sector. Some companies are spending heavily to increase their positions in various oil-rich areas. This includes the Permian (PER mee uhn) Basin, a massive oilfield that straddles the border between Texas and New Mexico.