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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

RIL sells stake in US shale gas biz with Carrizo for $126 mn

Reliance Industries Ltd today said it has sold one of its three shale gas assets in the US for USD 126 million, offloading stake in Marcellus, operated by Carrizo. RIL held stakes in three US shale gas ventures - 45 per ce.....»»

Category: topSource: business-standardOct 6th, 2017

U.S. Silica to Build Second Frac Sand Plant in Permian Basin

The planned facility is part of U.S. Silica's (SLCA) earlier announced plan to add roughly 8-10 million tons of new brownfield and greenfield capacity. U.S. Silica Holdings, Inc. SLCA said that it intends to construct a second frac sand mine a.....»»

Category: dealsSource: nytOct 2nd, 2017

How Hugh Hefner turned Playboy from a pipe dream at his kitchen table to an iconic brand reportedly worth $500 million

Damian Dovarganes/AP Images Playboy founder Hugh Hefner died Wednesday at the age of 91. In 2016, it was estimated that the playboy and mogul's lifestyle magazine and its "bunny-branded licensing assets" could sell for up to $500 million, accord.....»»

Category: topSource: businessinsiderSep 28th, 2017

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition: Chairman Sarraf

State-owned Oil and Natural Gas Corp may sell some of its stake in Indian Oil Corp and gas utility GAIL India to part fund its over ₹32,000-crore acquisition of refiner Hindustan Petroleum Corporatio........»»

Category: topSource: thehindubusinesslineSep 28th, 2017

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

State-owned Oil and Natural Gas Corp may sell some of its stake in Indian Oil Corp and gas utility GAIL India to part fund its over ₹32,000-crore acquisition of refiner Hindustan Petroleum Corporatio........»»

Category: topSource: thehindubusinesslineSep 28th, 2017

Denver oil and gas company consolidates its holdings in DJ Basin

Denver’s PDC Energy Inc. said Monday it’s reached a $210 million cash deal to buy about 8,300 net acres of mineral leases and active wells in Colorado’s Denver-Julesburg Basin and also swapped assets with another operator, creating two new fo.....»»

Category: topSource: bizjournalsSep 25th, 2017