Advertisements


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

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

Exclusive: Qatar sovereign fund moves stakes to government, may sell assets - sources

DOHA (Reuters) - Qatar's sovereign wealth fund has transferred over $30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive, people familiar with the matter told Reuters......»»

Category: topSource: reutersJun 21st, 2017

Hess Inks $600M Deal to Divest Stakes in Permian Holdings

Hess Corporation (HES) recently inked a .....»»

Category: topSource: zacksJun 20th, 2017

Encana Inks $735M Deal to Offload Piceance Basin Assets

Encana Corporation (ECA) recently clinched a $735 million deal to offload assets in.....»»

Category: topSource: zacksJun 12th, 2017

Encana to sell its Piceance natural gas assets for $735 million

Energy producer Encana Corp. announced Friday a deal to sell its Piceance natural gas assets for $735 million in cash to Denver-based Caerus Oil and Gas LLC. Encana said it will also reduce its midstream commitments by ab.....»»

Category: topSource: marketwatchJun 9th, 2017

Energy News Roundup

An explosion in Chinese SUV demand, President Trump's proposal to sell off the SPR, and the breakeven cost of shale oil in the Permian Basin are all discussed in today's article......»»

Category: topSource: investingdailyMay 25th, 2017

Linn Energy to sell more assets, first deal in noncore divestiture program

Houston-based Linn Energy Inc. (OTCQB: LNGG) has reached a deal to sell California assets to an undisclosed buyer for $263 million. The is the second deal Linn has reached since emerging from bankruptcy in February and the first that's part of the .....»»

Category: topSource: bizjournalsMay 23rd, 2017

Proposed US oil reserve sales could boost, not hurt, OPEC plan

U.S. President Donald Trump's proposal to sell 270 million barrels of oil from the U.S. petroleum reserve could have the unintended consequence of actually helping OPEC rebalance global petroleum markets......»»

Category: topSource: moneycentralMay 23rd, 2017