[dynoman]

Oxy must be thinking it’s a long term loss. Unless their cash flow is jamming up. Probably wasn’t an easy decision.

[thackney]

Unless their cash flow is jamming up.

That would be my guess, but only guessing.

It would make a big difference where the acreage is located.

https://www.dmr.nd.gov/oilgas/BreakevenHistorical.pdf Breakeven ND$/barrel by county

Billings $28
Bottineau $85
Renville $85
McLean $25