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Oil and Gas Investor This Week,  December, 2008  

Tags: New York Stock Exchange, XTO Energy

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face=+Bold; Occidental Petroleum Corp.face=-Bold; , Los Angeles, (NYSE: OXY) and face=+Bold; XTO Energy Inc.face=-Bold; , Houston, (NYSE: XTO) plan to acquire working interests in Texas, New Mexico and Colorado from face=+Bold; Plains Exploration & Production Co.face=-Bold; , Houston, (NYSE: PXP) in separate deals for a total of $1.75 billion.

Oxy will pay $1.55 billion to acquire 50% of Plains' working interests in the Permian Basin in West Texas and New Mexico. Plains will retain a 50% working interest and Oxy will be operator. Total production is approximately 18,000 barrels of ...

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