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Hess to sell stakes in Permian Basin assets for $600 million to Occidental Petroleum

Hess Corp. announced Monday a deal to sell its stake in enhanced oil recovery assets in the Permian Basin for $600 million to Occidental Petroleum Corp. . The deal includes Hess's 34.2% interest in t.....»»

Category: topSource: marketwatchJun 19th, 2017

Hess to sell stakes in Permian Basin assets for $600 million to Occidental Petroleum

Hess Corp. announced Monday a deal to sell its stake in enhanced oil recovery assets in the Permian Basin for $600 million to Occidental Petroleum Corp. . The deal includes Hess's 34.2% interest in t.....»»

Category: topSource: marketwatchJun 19th, 2017

Hess to sell stake in enhanced oil recovery assets in Permian Basin for $600 mln to Occidental Petroleum

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchJun 19th, 2017

Occidental spends $2B to expand Permian Basin footprint

Houston-based Occidental Petroleum Corp. (NYSE: OXY) announced it has accumulated additional Permian Basin assets through multiple deals worth a combined $2 billion. The company acquired producing and non-producing leasehold acreage in the Permian Basin .....»»

Category: topSource: bizjournalsOct 31st, 2016

Houston investment co. and Laredo Petroleum sell oil transport system for nearly $2B

Energy and Minerals Group, a Houston-based private equity firm, has sold its majority stake in the largest privately held crude oil transportation in the Midland Basin portion of the Permian Basin. The firm and Tulsa, Oklahoma-based Laredo Petroleum .....»»

Category: topSource: bizjournalsOct 3rd, 2017

Top Permian Basin Producer Pumps Out 5% Dividend Yield

Occidental Petroleum has increased dividend –4 straight yearsRelated Stocks: OXY,.....»»

Category: blogSource: gurufocusJun 12th, 2017

Occidental Petroleum: This Top Permian Basin Producer Pumps Out A 5% Dividend Yield

Occidental Petroleum: This Top Permian Basin Producer Pumps Out A 5% Dividend Yield.....»»

Category: topSource: seekingalphaJun 12th, 2017

Glencore Sells Oil Storage Assets to China"s HNA Group

Glencore, one of the world’s biggest oil traders, has agreed to sell a majority stake in its petroleum products storage and logistics business for $775 million in cash to Chinese conglomerate HNA Group......»»

Category: smallbizSource: wsjMar 31st, 2017

Credit Suisse Shows Why Occidental’s Permian Assets Will Help Fend Off Lower Oil Prices

While oil has fallen handily in the past week, an interesting analyst call on Occidental Petroleum signals that the oil giant might be a safe way to fend off lower oil prices......»»

Category: blogSource: 247wallstMar 14th, 2017

4 Reasons to Buy This Stock

Occidental Petroleum's operations in the Middle East and Permian Basin should have a positive impact on it fiscal —…–7 resultsRelated Stocks: OXY,.....»»

Category: blogSource: gurufocusMar 7th, 2017

WPX Energy to buy Permian oil wells for $775 million

Shares of WPX Energy Inc. fell nearly 3% late Thursday after the Tulsa, Okla., energy company announced it had agreed to buy assets in the Permian basin in Texas. The company's Permian acreage would increase to more than 120,000 net acres.....»»

Category: topSource: marketwatchJan 12th, 2017

Occidental Petroleum Has Clear Long-Term Growth Visibility

Company's interest in the Permian Basin and strong debt profile will take the stock higherRelated Stocks: OXY,.....»»

Category: blogSource: gurufocusDec 20th, 2016

Abraxas Petroleum slows the bleeding; plans to sell Powder Basin assets amid third-quarter loss

San Antonio-based exploration and production company Abraxas Petroleum Corp. is slowing the bleeding from a crude oil downtown that is now in its second year but nevertheless posted a multimillion-dollar loss in the third quarter. Abraxas Petroleum (Nasd.....»»

Category: topSource: bizjournalsNov 8th, 2016

Occidental Petroleum announces Permian Basin Resources and EOR acquisitions

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallOct 31st, 2016

Freeport-McMoRan Exits Disastrous Foray Into Gulf Of Mexico Oil Amid Pressure From Carl Icahn

Mining giant Freeport-McMoRan said on Monday evening it will sell its Deepwater Gulf of Mexico oil assets to Anadarko Petroleum for $2 billion and a possible $150 million performance payment. Mining giant Freeport-McMoRan said on Monday evening it w.....»»

Category: topSource: forbesSep 13th, 2016

Houston firm sues ex Venezuelan oil czar Ramirez over bribes

Venezuela's former oil czar Rafael Ramirez is being sued by a Houston company that alleges he was behind alleged demands for at least $10 million in bribes to sign off on deals to sell its energy assets in the country......»»

Category: topSource: foxnewsFeb 16th, 2018

U.S. mandates biggest non-emergency strategic oil sell-off

The US budget deal that passed last week calls for selling 100 million barrels of the Strategic Petroleum Reserve by 2027 to help fund the g.....»»

Category: topSource: usatodayFeb 13th, 2018

Occidental (OXY) Q4 Earnings: Will it Beat Estimates Again?

Higher Permian Resources volumes might drive Occidental Petroleum's (OXY) fourth-quarter 2017 earnings......»»

Category: personnelSource: nytFeb 9th, 2018

Liberty Planning to Sell Remaining Suburban Office Holdings for Up to $800 Million

The Vanguard corporate campus in Malvern, PA, is among the suburban office assets valued at up to $800 million that the REIT intends to sell this year. Credit: CoStar Ramping up its transition out .....»»

Category: realestateSource: costarFeb 8th, 2018

You can own a stake in Drake"s whiskey brand

Rapper Drake plans to sell fans stakes in whiskey venture Virginia Black, hoping to raise as much as $30 million to grow the company. The Los Angeles-based recording artist co-founded the company a year ago with Brent Hocking, founder of DeLeon Tequil.....»»

Category: topSource: bizjournalsJan 11th, 2018

Denver energy company selling Wyoming assets for $500 million

A Denver energy company said it's selling the majority of its assets in Wyoming's Powder River Basin for $500 million. SM Energy Company (NYSE: SM) said it will use proceeds from the sale to pay down debt and will now focus on its Texas oil and gas ope.....»»

Category: topSource: bizjournalsJan 10th, 2018