Occidental Petroleum Corp.
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Occidental is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. The company’s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.
Editor's note: July 16, 2019.
Symbol(s)
Headquarters Address
5 Greenway Plaza, Suite 110
Houston, TX 77046
United States
Website
www.oxy.comMain Phone Number
News
ConocoPhillips reports extended-reach horizontal Niobrara Shale producers in Colorado’s D-J Basin plus Wolfbone Field-Bone Spring…
Occidental Petroleum separately said it would buy back up to $1.5 billion worth of senior notes as it tries to reduce its debt, which…
A Bone Spring discovery made by Occidental Petroleum in the Permian Basin plus a Forward Field-Marcellus Shale producer reported by…
A flaring matrix, seen as a key component of the proposed plan, gives oil and gas operators several options based on their situations…
A recent report sheds light on best practices of Permian operators that include Chevron Corp.
New Financings
Occidental Petroleum Corp. announced the expiration and final results of (i) the offers to exchange any…
Commenced offers to exchange any and all validly tendered and accepted notes of the 23 series of…
Sold senior notes in three tranches, with Bank of America Merrill Lynch, Barclays and JP Morgan as joint…
Increased its buy back from 40 million to 55 million shares at approximately US$47.50 each.
Activity Highlights
Reeves
TX
United States
In Reeves County (RRC Dist. 8), Texas, Oxy USA, an affiliate of Occidental Petroleum Corp., completed three Wolfbone Field-Bone Spring wells in T&P RR CO Survey, A-1782. The #84NH Graves State was tested flowing 1.963 Mbbl of oil, 2.448…
Eddy
NM
United States
Oxy USA announced results from a Bone Spring discovery at #025H Length CC 6-7 Federal Com in Eddy County, N.M. The Pierce Crossing Field well is in Section 6-24s-29e. It was tested on a 48/64-in. choke flowing 3.996 Mbbl of oil, 5.645 MMcf of gas…
Anadarko Petroleum Corp. has permitted the first of up to 11 exploratory tests on the two-block Magnus prospect. The #1 OCS G36181 will be in the southwestern portion of Walker Ridge Block 881. Area water depth is about 7,700 ft. According to The…
Eddy
NM
United States
Three Pierce Crossing discoveries in Eddy County, N.M. were reported by Houston-based Oxy USA. The wells were drilled from a pad in Section 6-24s-29e, #312H Height CC 6-7 Federal Com was tested flowing 3.953 Mbbl of oil, 6.477 MMcf of gas and 13.…
Eddy
NM
United States
In Eddy County, N.M., Oxy USA completed a Purple Sage Field well that flowed 3.736 Mbbl of oil, 8.153 MMcf of gas and 8.81 Mbbl of water per day. The Wolfcamp producer, #032H Height CC 6-7 Federal Com, was drilled to 19,894 ft with a true…
Transactions
Occidental Petroleum Sells Noncore Assets For $200 Million
Occidental Petroleum Sells Noncore Assets For $200 Million
Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
Occidental Nears Divestiture Goal With Plains Stake Sale
Occidental Nears Divestiture Goal With Plains Stake Sale
Occidental, Anadarko Petroleum Make It Official With Merger Agreement
Occidental, Anadarko Petroleum Make It Official With Merger Agreement
Occidental Enters Four Oil Blocks In Southern Colombia
Occidental Enters Four Oil Blocks In Southern Colombia