Sunday, November 23, 2025

Oxy Could Net $3 Billion from Bakken Divestiture, Readies Spin Off of California O&G Operations

Middle East and North Africa also on the Block Multiple divestitures appear to be coming for Occidental Petroleum (ticker: OXY), the $75 billion (market cap) diversified oil company. In June the company filed a Registration Statement with the SEC to spin off its California oil and gas assets into a separate company called California Resources Corporation. At the same time

Strategic Oil & Gas Production Climbs to All Time High

Muskeg wells increase quarter-over-quarter production by almost 1,000 BOEPD At EnerCom’s The Oil & Gas Conference® 19 in August, management of Strategic Oil & Gas expressed optimism about near-term catalysts for the company. “The last two years I’ve been here, I’ve said SOG will create value but we still had to buy the infrastructure and prove up the play,” said

Oxy sale of Bakken assets would make strategic sense -analysts

Any sale of Occidental Petroleum Corp’s roughly 330,000 acres in North Dakota’s oil-rich Bakken shale formation would make strategic sense for the company, which is likely eager to strike a deal, two analysts said on Tuesday. Oxy is looking to sell its Bakken holdings, which are largely undeveloped, for as much as $3 billion, according to a report from Bloomberg News. Oxy is spending about $510 …

Fitch Publishes 'Bakken Shale Report'

Fitch Ratings has published its ‘Bakken Shale Report’. The report provides an analysis of themes in the Bakken Shale, including crude market dynamics and the potential for new pipe