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Oxy sells US$600 million of Permian acreage to fund EOR acquisition

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Report summary

On 19 June 2017, Occidental announced a series of transactions with multiple parties for a net-zero cash outlay, involving various non-core acreage positions in the Permian and an increased stake in one of its EOR projects. In total, Oxy has increased its production by 3,500 boe/d, decreased its Permian position by 13,000 net acres, and increased its stake in the Gaines County Seminole-San Andres Unit CO2 flood and other associated CO2 assets.

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  • Document

    Oxy sells US$600 million of Permian acreage to fund EOR acquisition

    PDF 409.71 KB

Table of contents

Tables and charts

This report includes 2 images and tables including:

Images

  • Oxy & Hess' Permian wells

Tables

  • Oil & gas pricing and assumptions: Table 1

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