: Occidental Petroleum in talks to buy CrownRock for more than $10 billion: report

Midland, Texas-based CrownRock is a major developer of Permian Basin oilfields, and it one of the last remaining big private companies in the region, according to the Journal.

Warren Buffett’s Berkshire Hathaway
BRK.A,
-0.54%

BRK.B,
-0.38%
owns a roughly 25% stake in Occidental.

In October, ExxonMobil Corp.
XOM,
-1.50%
said it would buy Permian shale driller Pioneer Natural Resources Co.
PXD,
-1.30%
in an all-stock deal valued at $59.5 billion.