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The Permian Basin should fuel growth for these two leading energy stocks for years to come. Diamondback Energy is the leading pure-play producer in the Permian. Better Energy Stock: Diamondback ...
Occidental Petroleum was founded in Los Angeles, CA in 1920. [5] In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. [6] The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom.
Occidental Petroleum is one of the largest producers in the Permian Basin, where it controls about 2.8 million net acres of land. It recently strengthened its position through its $12 billion ...
EOG received properties in West Texas and the New Mexico, specifically in the Permian Basin, in exchange for properties in Texas and Oklahoma. [9] The company was added to the S&P 500 index in October 2000. [10] The company acquired properties in Canada from Husky Energy for $320 million in 2003. [11] [12]
This recent acquisition was the latest in a string of multi-billion-dollar mergers among oil companies in the region.
This page was last edited on 23 November 2024, at 07:31 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Vicki Hollub was born in 1960 [1] [3] [7] in Birmingham, Alabama [8] and graduated in 1977 from McAdory High School. [9] She attended the University of Alabama, and in 1981 earned [9] a bachelor's degree (BS) in mineral engineering [4] with a concentration in fuels and mineral resources. [9]
CrownRock owns 94,000 net acres in the Permian Basin of West Texas. The acquisition will add to Occidental’s production by about 170 thousand barrels of oil equivalent per day. Occidental's ...
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