“Over the longer term, we expect substantial production growth to come from unconventional reservoirs such as tight sandstones and shales,” Occidental said in a regulatory filing for the spin-off.
“As a result of our increased focus on these reservoirs over the past few years, more than one third of our production now comes from unconventional assets, an increase of approximately 160% since the acquisition of our Elk Hills field properties in 1998.”
Initially,
