latest news releases from the newsroom
Occidental Petroleum Corp.
Occidental Announces West Texas and Piceance Acquisitions
LOS ANGELES, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) today announced the signing of a definitive purchase and sale agreement with Plains Exploration & Production Company (NYSE:PXP) to purchase all of PXP's interests in the Permian Basin of West Texas and New Mexico and Piceance Basin of Colorado for $1.25 billion.
Gulfport Energy Corp
Gulfport Energy Partially Restores Production
OKLAHOMA CITY, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today reported that partial production has been restored at both its West Cote Blanche Bay ("WCBB") and Hackberry fields following Hurricane Ike. Physical inspections have confirmed that Gulfport's coastal Louisiana facilities sustained no major structural damage. Equipment repair and cleanup work to the facilities have been performed and some additional work will be necessary before production can be fully restored. Gulfport has found no evidence of damage to producing wells as a result of the hurricanes.