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Oxy’s Permian Purchases
Two years ago Occidental Petroleum Corporation (OXY) spun off its California properties and moved its corporate headquarters from Los Angeles to Houston as part of a strategy to focus on the Permian Basin of West Texas and Southeast New Mexico. “Oil Voice” now reports the latest step in the implementation of this strategy: https://rudyenergy.com/anadarkos-3-ds/purchase of… Read More
Anadarko’s 3 D’s
Anadarko Petroleum Corp sees its future in the Delaware Basin, DJ Basin and the Deepwater Gulf according to a recent article in “Rigzone”. The Delaware Basin is a subset of the Permian Basin of West Texas and Southeast New Mexico, and is arguably the hottest oil and gas play in the U. S. Anadarko is… Read More
WoodMac’s View
In a recent report cited by “Rigzone”, consulting firm Wood Mackenzie (WoodMac) shared its outlook for independent domestic oil and gas operators. In the document, WoodMac lays out its ciriteria for short and long term success and how some individual companies measure up. Oil prices and debt are the two most important considerations for WoodMac.… Read More
Experimental Frack
The Gas Technology Institute (GTI) and BHP Billiton Petroleum are teaming up to drill a Hydraulic Fracture Test Site 2 (HFTS2) well in Reeves County, Texas, according to “World Oil”. The well is within the Delaware Basin of the Permian area and will target the Wolfcamp formation. The test will take place over a 12… Read More
Private Agreement
It is not unprecedented for public figures to publicly articulate one position, while privately holding a different opinion. In a recent article in “Oil Voice”, Paul Hodges seems to think this is the case with Saudi Energy Minister, Khalid al-Falih. In a recent meeting of global energy leaders, al-Falih stated that international oil market fundamentals… Read More
