trending Market Intelligence /marketintelligence/en/news-insights/trending/TXJevKNj6mr_QSD2KBTxyA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ecopetrol, Occidental get US regulatory nod for Permian joint venture

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Ecopetrol, Occidental get US regulatory nod for Permian joint venture

Colombia's Ecopetrol SA and Occidental Petroleum Corp. received U.S. regulatory approvals to form a joint venture to develop 97,000 net acres of Occidental's Midland Basin properties in the Permian Basin, according to an Oct. 22 news release.

Ecopetrol announced July 31 that it will pay $750 million in cash and $750 million in carried capital in exchange for a 49% interest in the venture. Occidental Petroleum will hold a 51% interest and will be the venture's operator. During the carry period, Ecopetrol will pay 75% of Occidental's share of capital expenditures.

The venture would allow Ecopetrol to book 160 million barrels of oil equivalent of proved undeveloped reserves when the deal closes. Occidental CEO Vicki Hollub touted the venture on the company's second-quarter earnings call, saying it was "an excellent opportunity to bring forward the net present value of our Midland assets without sacrificing any of our current production or cash flow."

The transaction is expected to close by year-end.