You have accessed this news story:
PS - Oxy to accelerate Midland via $1.5 billion JV with Ecopetrol - August 2019
Occidental Petroleum is forming a $1.5 billion JV with Colombian national oil company EcoPetrol to develop 97,000 net acres of its Midland Basin leasehold. Ecopetrol will pay $750 million cash and $750 million of carried capital in exchange for a 49% stake in the acreage. Oxy will hold the remaining 51% and serve as operator. During the carry period, Ecopetrol will pay 75% of Oxy’s share of capital expenditures. The transaction is expected to......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!