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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.
Occidental Petroleum's Q3 Earnings Hit by Lower Oil Prices
- Thu 1:20 pm ET
Will Occidental Petroleum (OXY) Earnings Disappoint in Q3?
- Wed Oct 22
Occidental Petroleum (OXY) Up on Strategic Announcement
- Mon Oct 6
Magellan Midstream, Occidental Start BridgeTex Operation
- Wed Oct 1
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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