Oxy’s $1.2 Billion Permian ‘Land Swap’ Consolidates Position

Transaction Type

Sellers

Occidental Petroleum Corp.

Buyers

Battalion Oil Corp. (fka Halcón Resources)

Basin

Permian Basin

Announce Date

Mon, 06/19/2017 - 12:00 PM

Post Date

Jun 19, 2017

Close Date

Wed, 08/02/2017 - 12:00 PM

Estimated Price

$600.0MM

Description

Bought 13,000 net acres in the Permian Basin in Andrews, Martin and Pecos counties, TX. (Closed 3Q 2017)

Oxy’s $1.2 Billion Permian ‘Land Swap’ Consolidates Position