Occidental Selling US Gas Assets For $1.4 Billion
by Reuters
|
Thursday, February 13, 2014
Feb 13 (Reuters) - Occidental Petroleum Corp on Thursday said it reached a deal to sell its interests in a large natural gas field in the central United States for a pre-tax price of $1.4 billion, with proceeds earmarked for share repurchases.
The buyer was not disclosed.
Occidental's interest comprises more than 1.4 million acres in the Hugoton field that spans southwestern Kansas and parts of Oklahoma and Colorado.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
RELATED COMPANIES
MORE FROM THIS AUTHOR
Reuters
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Most Popular Articles
- Further OPEC+ Production Cuts Are Still on the Table
- India to Boost Renewables Capacity, Avoid New Coal Plants
- USA Steel Major Taps ExxonMobil for Carbon Capture
- Aramco Holds Talks with Turkish Firms on $50B Planned Projects
- Chevron to Have Wastewater Pipeline for Permian Operation
- Kinder Morgan to Expand Gas Capacity at Texas Gulf Coast Facility
- ADNOC Drilling Beefs Up Hybrid Land Rig Fleet
- QatarEnergy to Supply Bangladesh with LNG under 15-Year Deal
- Woodside Awards Contracts for Decommissioning of Australia Fields
- Hourly Pay for Shale Workers Tops $43
- Which Generation Is Most in Demand in Oil, Gas Right Now?
- Is There a Danger That Oil and Gas Runs out of Financing?
- North America Rig Count Reduction Rumbles On
- Exxon and Chevron Shareholders Reject Toughening Climate Goals
- Will the World Hit Net Zero by 2050?
- Analyst Flags USA-Made Oil, Gas Field Machinery Order Trend
- Kenya Airways Becomes First African Airline to Fly on Eni's SAF
- Canada Gas Output Rebounds as Wildfires Subside: S&P Global
- ConocoPhillips Preempts TotalEnergies' Sale of Surmont
- NOAA Reveals Outlook for 2023 Atlantic Hurricane Season
- Who Is the Most Prolific Private Oil and Gas Producer in the USA?
- USA EIA Slashes 2023 and 2024 Brent Oil Price Forecasts
- BMI Reveals Latest Brent Oil Price Forecasts
- Which Generation Is Most in Demand in Oil, Gas Right Now?
- OPEC+ Has Lots of Dry Powder for Further Cuts
- Could the Oil Price Crash in 2023?
- Is There a Danger That Oil and Gas Runs out of Financing?
- Invictus Strikes Oil, Gas in Zimbabwe
- BMI Projects Gasoline Price Through to 2026
- What Will World Oil Demand Be in 2023?