Occidental To Sell Non-Strategic Acreage In Permian Basin To Affiliate Of Colgate Energy Partners For $508 Million

Occidental To Sell Non-Strategic Acreage In Permian Basin To Affiliate Of Colgate Energy Partners For $508 Million

Eurasia Review

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Occidental said Thursday it has entered into a definitive agreement to sell non-strategic acreage in the Permian Basin to an affiliate of Colgate Energy Partners III, LLC, for $508 million, subject to closing adjustments to reflect an April 1, 2021 effective date.

The transaction, which is expected to close in the third...

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