PDC is set to become the second-largest producer in the D-J Basin through its acquisition of SRC Energy and will also remain committed to its Permian position.
Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.
Rivals, Occidental and Anadarko Petroleum, had agreed to the transaction, valued at $55 billion (including debt), in May following a bidding war with Chevron.
Underwriters of Occidental Petroleum’s offering priced the $13 billion in debt at a lower yield than anticipated.
Proxy advisory firm Institutional Shareholder Services backs Carl Icahn’s call for more Occidental Petroleum shareholder say after Occidental’s takeover of Anadarko Petroleum.
Experts urge industry representatives to embrace Big Data and sharpen their messaging skills for the general public.
"None" of Icahn's nominees "possess skills, experience or expertise that are additive or superior to our existing directors," wrote Occidental CEO Vicki Hollub and Chairman Eugene Batchelder.
Activist investor Carl Icahn formally launched a proxy fight against Occidental Petroleum to win control of four board seats after talks with the oil company's CEO failed to reach an agreement.
Kimmeridge said the combination of its minerals business with Midland, Texas-based Desert Royalty will create the largest pure-play mineral and royalty company in the Delaware Basin by net royalty acres.