Houston-based Occidental Petroleum said this week increased productivity in Delaware Basin in the first half of 2023 continued in the third quarter. Production in Permian Basin for Q3 was 588,000 boed (high end of guidance). Oxy’s production in Delaware Basin was up 11 percent in first six months of this year over 2022. Enverus said six wells targeting upper Wolfcamp A delivered a 24-hour cumulative initial production rate for Oxy of more than 30,000 boed on laterals averaging 10,115 feet (5,112 boed per well).
Vicki Hollub, president and CEO, said Tuesday, “Our teams continued their outstanding performance across all three of our business segments resulting in our strongest earnings and cash flow from operations to date this year.”