KERM'S KORNER Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (9434)	3/5/1998 9:46:00 PM
From: Arnie	of 15196

DISPOSITION / Occidental Petroleum to sell Some Texas Holdings LOS ANGELES, March 5 /CNW/ -- Occidental Petroleum Corporation (NYSE: OXY) announced today that it has agreed to sell its natural gas interests in the West Panhandle field in the Texas Panhandle to Chesapeake Energy Corporation for $105 million. The transaction is expected to close by the end of May, effective as of January 1, 1998. The sale is part of Occidental's previously announced program to divest nonstrategic assets to partially fund its acquisition of the Elk Hills field in California and to repurchase up to 40 million shares of its common stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next