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Occidental Petroleum is in talks to purchase CrownRock, a significant power producer within the west Texas space of the Permian basin, persevering with a frenzy of deal making within the oil patch.
A deal for the carefully held firm, which could possibly be valued nicely above $10 billion together with debt, may come collectively quickly assuming the talks don’t collapse or one other suitor doesn’t prevail, in keeping with folks conversant in the matter.
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