Operator
Occidental Petroleum Corp
Acquired in July 2024 by Permian Resources Corp.. The snapshot below reflects historical activity.
About
Exploration & Production
- WebsiteVisit →
- TickerNYSE
- AddressLos Angeles California
- Phone310 208 8800
- Acquired byPermian Resources Corp.
- People on file22 contacts
Acquisition chain
Forward & backward M&A lineage
- Crownrock, Lp
- Occidental Petroleum Corp (this company)
- Permian Resources Corp.
- Henry Resources Llc
- Vital Energy, Inc.
- Crescent Energy Company
Drilling activity
Recent rig presence by basin
Recent activity
Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026
Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in...
Berkshire Hathaway to Buy Occidental’s OxyChem for $9.7B in Cash
Berkshire Hathaway is doubling down on its long-running relationship with Occidental—this time through a major downstream industrial move. Occidental and Berkshire Hathaway announced a definitive agreement for Berkshire...
Occidental Eyes $10 Billion OxyChem Sale Amid Debt and Capital Discipline Push
Occidental Petroleum is in advanced talks to sell its chemical subsidiary, OxyChem, in a transaction that could raise at least $10 billion. According to reuters. The company has...
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
Crown Rock Holding is selling 29.6 million shares of Oxy worth $1.7 billion it acquired as part of the $12 billion deal Oxy signed when it acquired the...
E&P Companies Talk Increase In 2023 Plans; Rigs, Frac Crews and Capital Budgets
Updated : 11/15/2022 EOG Resources Drilling Activity : 28-30 Rigs Frac : 8-10 Frac Crews "Through their efforts, we now expect our average well cost to increase a...
Deals
Permian Resources said it will acquire Delaware Basin property from Occidental for a purchase price of $817.5 million. The property has…
Occidental today announced it is buying Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and…
Colgate Energy Partners III announced that it is acquiring 25,000 net acres and 10,000 Boepd in Reeves and Ward Counties, TX from…
Occidental Petroleum has signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for total consideration of…
Oxy has agreed to divest its Wyoming, Colorado, and Utah Land Grant assets to Orion Mine Finance (a branch of Orion Resource Partners) for…