Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$1,500.0MM
Description
Formed JV to develop 97,000 net acres within the Permian's Midland Basin in W TX; Ecopetrol purchased a 49% stake for $750 MM cash plus $750 MM of carried capital.