Exploration drilling began in July 1999 and the discovery was announced in August of the same year, when the semisubmersible drilling rig ... in Horn Mountain, Oxy will receive BP's oil and ...

The Sheep Mountain property will strengthen Oxy's position as a leader in CO2 enhanced oil recovery in the Permian Basin. BP will receive Oxy's one-third interest in the BP-operated Horn Mountain ...

She added that Horn Mountain West is expected to eventually add 30,000 barrels per day of oil net to Oxy, which owns 100% of the project, and is "an excellent example of our ability to leverage ...

Occidental Petroleum OXY is expected to report a year ... Additionally, planned maintenance and platform life-extension work at Horn Mountain, along with scheduled turnarounds at Al Hosn and ...

BP exchanged stakes in the Seminole San Andres unit, Sheep Mountain ... oil recovery in the Permian basin". Oxy will also pay about $100 million in cash to BP and will reclassify Horn Mountain ...

Motorists drive past an oil rig set up alongside Interstate 20 Thursday, July 7, 2022, in Midland, Texas. (Odessa American/Eli Hartman) The Occidental Petroleum Co.’s first quarter highlights ...

Occidental Petroleum Corp. will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to Chief Executive Officer Vicki Hollub. “We’re ...

Occidental Petroleum Corp. will have just a single oil rig in the Permian Basin in the second half of the year, illustrating the scale of the shale industry’s pullback and the company’s debt woes.