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Stock Market & Financial Investment News

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January 30, 2014
07:23 EDTOXYOccidental Petroleum says added about 470M barrels of reserves
Occidental Petroleum said, "We had strong results in our domestic program in 2013. We grew our domestic liquids production by 15,000 barrels per day, or 5%, to 343,000 barrels per day on a year-over-year basis...Our domestic proved liquids reserve replacement was 228% and we replaced all of our domestic gas production with our drilling program. Based on our preliminary reserve estimates, we added about 470M barrels of reserves, resulting in a reserve replacement ratio of 169% for the total company. Of the total reserve additions, 156%, or about 433M barrels, resulted from our development program."
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August 14, 2014
16:01 EDTOXYOptions Update; August 14, 2014
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August 9, 2014
15:25 EDTOXYBridgeTex Pipeline extends open season to August 14
Magellan Midstream Partners (MMP) and Occidental Petroleum Corporation (OXY) announced that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Binding commitments are now due by 5:00 p.m. Central Time on August 14. Construction of the BridgeTex Pipeline commenced in November 2012 following an initial successful open season in which BridgeTex secured long-term transportation commitments supporting the project.The BridgeTex Pipeline is now in the final stages of construction and will be capable of transporting up to 300,000 barrels per day of Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast Area.

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