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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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