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Sunday, April 14, 2019

Did Anyone Catch This? April 14, 2019

Long-term followers of the Bakken book know that Occidental once had a fairly large footprint in the Bakken. See "Bakken operators." At that link:

OXY
I noted early on that despite being in some of the best, Tier 1, acreage, Oxy never seemed to be able to get it together in the Bakken. And OXY left.

I tracked OXY wells at this post -- I think I "captured" almost every one of OXY's wells in the Bakken. Very few, if any, were impressive.

Hold that thought.

Re-posting from the other day, regarding Chevron's move to buy Anadarko:

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Spoiler? OXY?

From same linked article:
Occidental Petroleum Corp. made a $70-per-share offer for Anadarko, according to a person familiar with the matter. But the deal would have been tougher for Occidental to pull off than for Chevron given its smaller size and narrower range of upstream expertise, potentially dragging down its share price.
 In case you missed it, this time in red, bold:
But the deal would have been tougher for Occidental to pull off than for Chevron given its smaller size and narrower range of upstream expertise.
It is interesting to track OXY through the "Bakken filter": https://themilliondollarway.blogspot.com/search?q=occidental.

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