Deals
Occidental Said to Be in Talks for Riverstone Shale Driller
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Occidental Petroleum Corp., the second-largest independent U.S. oil producer, is in talks to acquire closely held shale explorer Three Rivers Operating Co. II LLC, a person with knowledge of the transaction said.
The company is discussing a price below $20,000 an acre for Three Rivers, said the person who asked not to be identified because the talks are private. Three Rivers owned drilling rights to 82,000 acres in the Permian Basin as of December 2013, according to its website.