Plains Exploration sells assets to Occidental Petroleum

12/2/2008 | Bloomberg Businessweek

Plains Exploration & Production has sold the remaining oil and natural gas properties it had in West Texas and Colorado to Occidental Petroleum for $1.25 billion. The Permian and Piceance basins have an output of about 13,000 barrels of oil equivalent a day and about 92 million barrels of oil equivalent in proven reserves.

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