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Occidental Petroleum Expects Winter Storm Impact on Permian Output to be Short-lived

2021-02-23 21:25:00| OGI

Occidental Petroleum does not anticipate growing global production at least this year, says CEO Vicki Hollub, adding that the company will not increase capital spending even if oil prices improve further.

Tags: impact winter output storm

 

Occidental Awards Contract for Permian Basin Carbon Capture Project to Worley

2021-02-23 19:00:00| OGI

Worley said it had been awarded a FEED contract by 1PointFive, a JV between Occidental venture capital arm and private equity firm Rusheen Capital Management, for the Permian Basin facilitys first direct air capture unit.

Tags: project contract awards capture

 
 

Permian Shale Producers See Deep Freeze Hitting Thousands of Barrels of Oil Production

2021-02-22 23:20:00| OGI

Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy and Occidental Petroleum say their first-quarter oil production will be hit by a recent winter storm.

Tags: production deep oil thousands

 

Chart: Midcontinent, Permian Basin Rig Count as of February 12, 2021

2021-02-12 07:00:00| OGI

Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10

Tags: february count chart basin

 

STEP Energy, UCS to Deliver Post-Production Stimulation Services in Permian, Bakken, DJ Basin

2021-02-05 15:32:05| OGI

STEP Energy Services Ltd. and Universal Chemical Solutions Inc. (UCS) have entered into an agreement on Feb. 4 that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford Shale, Permian Basin, Niobrara-DJ Basin and Bakken Formation.

Tags: services step energy deliver

 

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