Occidental Petroleum Corp.
is in negotiations to buy Texas energy producer CrownRock in a deal that could be valued at more than $10 billion, the Wall Street Journal reported late Wednesday.
If all goes well, the deal could come together soon, according to the Journal.
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
owns a roughly 25% stake in Occidental.