What mineral owners need to know about this major Permian Basin operator.
Get Your Free Mineral ValuationHeadquarters: Houston, Texas
Stock Ticker: NYSE: OXY
Company Type: Integrated Oil & Gas Company
Primary U.S. Basins: Permian Basin, DJ Basin, Gulf of Mexico
Status: Major Permian operator
Major Shareholder: Berkshire Hathaway
Occidental Petroleum, commonly known as "Oxy," is one of the largest oil and gas companies in the United States. The company underwent significant transformation through its 2019 acquisition of Anadarko Petroleum, which made Oxy a dominant Permian Basin operator.
Oxy has gained prominence partly due to Warren Buffett's Berkshire Hathaway taking a major stake in the company. The company operates an integrated business model with exploration and production, midstream operations, and chemical manufacturing through OxyChem.
Anadarko Petroleum (2019): Transformed Oxy into a major Permian operator with over 2 million acres.
CrownRock (2024): Added approximately 170,000 net acres in the Midland Basin. If you received royalties from either company, your payments now come from Occidental.
Occidental holds approximately 2.8 million net acres in the Permian Basin, operating in both the Delaware and Midland Basins. Key counties include:
Reeves County, TX - Core Delaware Basin
Ward County, TX - Delaware operations
Pecos County, TX - Delaware Basin
Midland County, TX - Midland Basin (CrownRock)
Martin County, TX - Midland Basin
Lea County, NM - New Mexico Delaware
Eddy County, NM - Delaware Basin
Loving County, TX - Delaware Basin
Occidental maintains operations in Colorado's DJ Basin, primarily in Weld County, inherited from the Anadarko acquisition. They produce from the Niobrara and Codell formations.
Oxy operates deepwater production facilities in the Gulf of Mexico through their offshore operations segment.
OxyLink portal: Online access to statements and account management
Major Permian presence: Extensive local operations and expertise
Active development: Consistent drilling programs across their acreage
Financial backing: Berkshire Hathaway support adds stability
Multiple integrations: Anadarko and CrownRock acquisitions created transition periods
Debt levels: Significant debt from Anadarko acquisition
System consolidation: Owner systems from multiple companies being merged
Call wait times: High call volume during integration periods
Phone: 1-800-622-9231
Online Portal: OxyLink at oxylink.oxy.com
Mail: Occidental Petroleum Corporation, Owner Relations, P.O. Box 27570, Houston, TX 77227
Register for OxyLink: Their online portal provides 24/7 access to statements, tax documents, and account information without needing to call.
Know your acquisition history: If you were previously paid by Anadarko or CrownRock, have that information ready when contacting owner relations to help them locate your account.
Allow time for integrations: Major acquisitions take months to fully integrate. Expect some administrative delays during transition periods.
Verify your division order: After acquisitions, you may receive new division orders. Review them carefully to ensure your decimal interest is correctly stated.
Check for suspended funds: System transitions sometimes cause payments to be held in suspense. Contact owner relations if payments are delayed.
Keep statements from all operators: Maintain records from Anadarko or CrownRock for reference when resolving any discrepancies.
Occidental's owner relations department can be reached at 1-800-622-9231. They handle royalty inquiries, division orders, and address changes. You can also access your account through the OxyLink owner portal at oxylink.oxy.com.
OxyLink is Occidental's online owner portal where mineral owners can view royalty statements, update contact information, access tax documents, and review production data. Register through their owner relations department to set up your account.
Occidental acquired Anadarko Petroleum in 2019. If you received royalty payments from Anadarko, your payments now come from Occidental. Your lease terms remain unchanged. Contact Occidental owner relations if you have questions about your account.
Occidental holds approximately 2.8 million net acres in the U.S., primarily in the Permian Basin (Delaware and Midland Basins) in Texas and New Mexico. They also have operations in Colorado's DJ Basin and the Gulf of Mexico.
Occidental acquired CrownRock in 2024. If you received royalty payments from CrownRock, your payments now come from Occidental. Allow time for system integration and contact Occidental owner relations if you experience payment issues.
Whether you have Occidental or any other operator, get a free, no-obligation valuation of your mineral rights from our experienced team.
Request Your Free ValuationDisclaimer: This information is for educational purposes only and is not affiliated with or endorsed by Occidental Petroleum. Contact information and company details may change. For the most current information, contact Occidental directly or visit their official website.