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The Texas Tribune
The Texas Tribune
National
Jayme Lozano Carver and Robert Downen

Tim Dunn, the powerhouse GOP donor, to sell his West Texas oil company for $12 billion

Tim Dunn, CEO of CrownQuest Operating and chairman of Empower Texans, speaks during The Texas Tribune Festival on Sept. 24, 2016.
Tim Dunn speaks during The Texas Tribune Festival on Sept. 24, 2016. On Monday, he sold his West Texas oil company for $12 billion to Occidental Petroleum Corp. (Credit: Brett Buchanan for The Texas Tribune)

Tim Dunn, a West Texas billionaire who has used his oil fortune to turbocharge the state’s far-right political movement, sold his oil company Monday in a deal valued at about $12 billion.

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