Asked about mergers and acquisitions, Chazen said there was little on the horizon in terms of purchases in the Permian basin, where it is focused. He side-stepped with a joke a question on whether he would sell out of the high-priced Bakken region around North Dakota, where Oxy has cut rigs.
"If somebody would like to buy my desk, if they pay the right price, they are more than welcome to it," he said. "There's not much in the drawers."It will be interesting to watch this play out. Note that in bold. OXY has about 300,000 net acres in North Dakota; some of it in some nice fields, some acreage in areas not quite so good.