Occidental petroleum announced that it has entered into a definitive purchase agreement to acquire CrownRock LP, a Midland-based oil & gas producer and backed by private equity group Lime Rock Partners. The purchase involves 94,000 net acres, 1,700 undeveloped locations, 1,250 development-ready locations, addition of 170 Mboed in incremental production in 2024, and quarterly share dividend increase of 22% to $0.22 per share.