Occidental's Permian Resources business represents a key growth engine for the company and is focused on developing and producing unconventional shale plays using horizontal drilling techniques. Occidental is currently focusing on development in the Wolfcamp A and Bone Springs plays in the Delaware Basin and in the Sprayberry and Wolfcamp plays in the Midland Basin, while appraising several other plays for future development.
Permian Resources' program is designed to delineate and appraise Occidental's acreage with an eye toward maximizing both ultimate recovery and financial returns. This is being achieved through the following actions:
Correlating rock and fluid properties to production performance across Occidental's entire Permian acreage position, Optimizing development strategy and design to unlock full primary development potential, Efficiently accelerating full-field development and production growth