Oxy's position in the Piceance Basin in western Colorado comprises approximately 125,000 net acres, including 84,000 net acres resulting from recent acquisitions. Oxy has owned interests in the Piceance, one of the largest natural gas reserves in the country, since the 1970s.
Oxy is maximizing production in the Piceance Basin through a variety of advanced technologies, such as infill drilling, recompletions and fracture stimulation.