Occidental Petroleum (OXY) Makes $2B of Permian Basin and EOR Asset Acquisitions
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Occidental Petroleum Announces Permian Basin Resources and EOR Acquisitions
October 31, 2016 4:06 PM EDTHOUSTON--(BUSINESS WIRE)-- Occidental Petroleum Corporation (NYSE: OXY) today announced it has acquired producing and non-producing leasehold acreage in the Permian Basin from private sellers. Separately, the company acquired interests in several Permian Basin enhanced oil recovery (EOR) and CO2 properties, and related infrastructure.
These transactions further complement and solidify Occidentals dominant position in the Permian Basin, said President and Chief Executive... More
