Occidental Resources plans to spend $4.4-5.3 billion in 2019 compared to ~$5 billion in 2018. At $40/bbl WTI, the company believes it would be able to maintain its dividend and production; at $50/bbl WTI, production would grow 5-8%, and at $60/bbl, output would rise 11-13%.During Q3, Oxy’s Permian output increased 12% sequentially and 60% YOY to 225,000 boe/d. The 24,000 boe/d sequential growth was driven by well performance and development activity. Q4 volumes are......
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.