One-Page Deal Sheet
Occidental Picks Up $2 Billion in Delaware Basin Acreage
Occidental Petroleum Corp J Cleo Thompson, Patriot Resourcs Inc, Samson Exploration LLC
Announced Date
November 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
2000
Asset/Basin:
{"Permian - Delaware Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves ,Pecos
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Occidental Petroleum Corporation has acquired producing and non-producing leasehold acreage in the Permian Basin from private sellers.
Separately acquired interests in several Permian Basin EOR and CO2 properties / related infrastructure.
Total purchase price is ~$2 billion, which has been funded from existing cash on hand.
Acquisition Highlights Permian Resources ~35,000 net acres in Reeves and Pecos counties, Texas, in the Southern Delaware Basin, in areas where Occidental currently operates or has working interests. ~7,000 BOE/D net production (72% oil) from 68 horizontal wells. Minimum…Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Sep-02-2025 |
- |
- |
Click here | Texas | E&P |
| May-07-2025 |
- |
- |
Click here | New Mexico | E&P |
| May-03-2025 |
- |
- |
Click here | New Mexico | E&P |
| Nov-13-2024 |
- |
- |
Click here | New Mexico | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
- |
| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
- |
| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
- |