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Saturday, May 7, 2011

OXY's Update Includes The Bakken

Link here.

Oxy's North Dakota prospect is big enough to warrant attention even when discussing worldwide production.
In the United States, Oxy acquired properties in new core oil and natural gas producing areas for the company. Oxy expanded its modest position in North Dakota's Williston Basin with the purchase, during the fourth quarter of 2010, of approximately 174,000 net contiguous acres. These assets, which produce from the Bakken formation and are prospective in the Three Forks formation, gave Oxy production interests in the Williston Basin of approximately 6,000 BOE per day as of the date of purchase.

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