Deal Insight
Oxy sells US$600 million of Permian acreage to fund EOR acquisition
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Executive summary
-
Transaction details
- Permian EOR
- Permian Resources
-
Upstream assets
- Permian EOR
- Permian Resources
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Strategic rationale
- Occidental
- Hess
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Oil & gas pricing and assumptions: Table 1
- Oxy & Hess' Permian wells
What's included
This report contains:
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