While sand sales to oil and gas customers fell 1% sequentially, pricing was "significantly lower" with new mines coming online in West Texas and overcrowding the market.
Research shows the company has been able to yield up to 80% more oil in the Eagle Ford from its gas injection process.
Experts at DUG Eagle Ford said data is the gateway to mitigating parent-child well interference and returning productivity.
The Indonesian company fears production from aging fields could slip further if EOR projects are not implemented.
Occidental Petroleum is partnering with Canada-based Carbon Engineering to build a new multimillion-dollar direct air capture plant in the Permian Basin.
Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove CO₂ directly from the air.
Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.