Occidental on 11 December announced that it had agreed to pay $12bn for privately-held Permian pure-play producer CrownRock whose Midland Basin assets Oxy estimates will produce 170,000 boe/d for 2024.
Given Oxy’s Q3 output of 588,000 boe/d, this implies total current pro forma output of 758,000 boe/d, rising to around 770,000 boe/d for 2024 given Oxy’s relatively modest organic growth plans. (CONTINUED - 356 WORDS)
