Occidental


All posts for Occidental

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine


Posted 3 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 3 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

Upstream Intelligence by Reuters Events announces release of 2020 Market Report – Digital in Action, featuring insight from Occidental Petroleum Corporation and Marathon Oil Corporation

HOUSTON, January 17, 2020 - Upstream Intelligence by Reuters Events - today announced the release of their 2020 Market Report: Digital in Action.  Access the report here This paper pinpoints contractual opportunities and provides project pipelines in the data-driven upstream. It further provide ...

Charlotte Howlett


Posted 6 months agoPress > houston oilOilProduction Optimization +8

Current US Drilling Trends and Future Oil Production

Looking at the data of active US oil rigs available from Baker Hughes – which is taken as a proxy for the level of upstream activity in the country – and the US crude production numbers from the EIA shows an evident lag between the two indicators. Between December 2016 and December 2017, when the ...

Hui Shan


Posted 8 months agoLink > GOMGulf Of MexicoBureau of Ocean Energy Management +7

The Gulf of Mexico Keeps Drawing Interest

Of that (relatively large) portion, a fraction was leased in the recent US Gulf of Mexico Lease Sales 253. The results of the US Gulf of Mexico Lease Sales 253 shows that the industry is cautiously optimistic that this won't happen. Main Bids for US Gulf of Mexico Lease Sale 253

Hui Shan


Posted 11 months agoLink > GOMGulf Of MexicoBureau of Ocean Energy Management +7

Did Occidental Overpay for Anadarko?

Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry. The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping ...

Hui Shan


Posted 1 year agoLink > OxyOccidentalanadarko +6

The Battle for Anadarko

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 1 year agoLink > OxyOccidentalanadarko +4

Overcapacity and the price of oil

Overcapacity and the price of oil Dr. Daniel Fine, New Mexico Center for Energy Policy 12:00 a.m. MT June 25, 2017 Daniel Fine, associate director of New Mexico Center for Energy Police at New Mexico Tech and a project leader of the Energy Police, State of New Mexico Department of Energy Minerals ...

Will Fine


Posted 3 years agoLink > OccidentalTexas Oil and GasTexas +21

Overcapacity and the price of oil

Overcapacity and the price of oil Dr. Daniel Fine, New Mexico Center for Energy Policy 12:00 a.m. MT June 25, 2017 Daniel Fine, associate director of New Mexico Center for Energy Police at New Mexico Tech and a project leader of the Energy Police, State of New Mexico Department of Energy Minerals ...

Will Fine


Posted 3 years agoLink > OccidentalTexas Oil and GasTexas +21