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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Occidental reports 457,000 boed in 2021Q1 in Permian Basin

May 20, 2021 by PBOG

Houston-based Occidental Petroleum said May 10 its 2021Q1 production in Permian Basin of 457,000 boed was high end of guidance. Oxy reported record single-well drill times in both New Mexico and Texas sides of Delaware Basin and also in Midland Basin. Oxy ran 12 rigs in Permian in Q1 and brought online 44 wells with production up 20 percent since 2020Q1. Oxy said winter weather impacted volumes by 25,000 boed.

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