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Industry Center - Oil & Gas Drilling & Exploration
Industry Center > Oil & Gas Drilling & Exploration > Occidental Permian, Ltd. Company Profile
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Occidental Permian, Ltd. Company Profile
Occidental Permian is all about oil, Texas Tea. The company is the largest oil producer in Texas and has proved reserves in the Permian Basin of 1.2 billion barrels of oil equivalent. Nearly 60% of the oil Occidental Permian obtains comes from CO2 flooding, a procedure that is used when pumping and water injection no longer works. The company is a subsidiary of Occidental Oil and Gas (itself a subsidiary of Occidental Petroleum), and became the major player in the Permian Basin with the parent's acquisition of Altura Energy in 2000 for a reported $3.6 billion.
Headlines for Occidental Permian, Ltd.
Plains All American to Buy 50% of BridgeTex in Permian
- Fri Nov 7
Oil & Gas Stock Roundup: Chevron Strikes Oil in GoM, Shell Offloads Nigeria Assets
- Tue Oct 28
The Zacks Analyst Blog Highlights: Chevron, Royal Dutch Shell, ONEOK Partners, Occidental Petroleum and Cabot Oil & Gas
- Wed Oct 29
Oil & Gas Stock Roundup: EOG Reports Strong Q3, Plains All American Buys Pipeline Stake
- Tue Nov 11
Contact Information
Address: 10889 Wilshire Blvd.
Los Angeles, CA 90024-4201
Phone:310-208-8800
Fax:
Financial Highlights
Fiscal Year End:December
Key People
Manager Finance, Oxy Permian Services: David Powell
Asset Development Manager, Oxy Permian Services: Jeff Simmons
Industry Information
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Top Competitors
Clayton Williams Energy, Inc. (cwei)
ConocoPhillips (cop)
 


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