After Hess Pulls Out, OXY Is Now Dominant US Producer Of Oil Via Carbon Injection -- Reuters -- June 21, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title After Hess Pulls Out, OXY Is Now Dominant US Producer Of Oil Via Carbon Injection -- Reuters -- June 21, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : After Hess Pulls Out, OXY Is Now Dominant US Producer Of Oil Via Carbon Injection -- Reuters -- June 21, 2017
link : After Hess Pulls Out, OXY Is Now Dominant US Producer Of Oil Via Carbon Injection -- Reuters -- June 21, 2017

After Hess Pulls Out, OXY Is Now Dominant US Producer Of Oil Via Carbon Injection -- Reuters -- June 21, 2017

Data points:

• Hess will sell its stake in EOR projects in the Permian Basin of West Texas and New Mexico to Occidental Petroleum for $600 million in cash
• the deal cements OXY's status as the dominant US producer of oil via carbon injection
• carbon injection: favored by faux environmentalists and oil producers alike
• carbon injection: could grow if Congress expands tax credits this summer
• OXY also gets complete control of naturally occurring sources of underground CO2
• this naturally occurring source: boosts OXY's bottom line 
• cost of carbon is generally the largest expense in EOR projects

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