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Occidental sells its Bakken assets for US$600 million

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16 November 2015

Occidental sells its Bakken assets for US$600 million

Report summary

Oxy confirmed the disposal during its Q3 earnings call. The buyer was undisclosed, though earlier reports had linked Lime Rock Resources. The majority of Oxy's position in the Bakken is located in the fringes of the core areas of the play (Dunn, Billings and Burke counties, ND). Oxy had no plans for future development in the area under the current commodity prices. The deal included over 300,000 net acres with a total existing production of nearly 17,000 boe/d (94% liquids, 6% gas).

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Occidental sells its Bakken assets for US$600 million

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