Occidental Petroleum 2008 Annual Report Download - page 95

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Participation in Exploratory and Development Wells Being Drilled
The following table sets forth, as of December 31, 2008, Occidental’s participation in exploratory and development wells being drilled.
Consolidated Subsidiaries
Wells at December 31, 2008
United
States
Latin
America
Middle East/
North Africa Total
Other
Interests (a)
Exploratory and development wells
—Gross 72 24 15 111 —
—Net 66 16 8 90 —
(a) The amounts reflect the minority interest in a Colombian subsidiary, partially offset by Occidental's share of the amounts applicable from an equity investee in
Yemen.
At December 31, 2008, Occidental was participating in 177 pressure maintenance projects in the United States, 21 in Latin America
and 27 in the Middle East/North Africa.
Oil and Gas Acreage
The following table sets forth, as of December 31, 2008, Occidental’s holdings of developed and undeveloped oil and gas acreage.
Consolidated Subsidiaries
Thousands of acres at
December 31, 2008
United
States
Latin
America
Middle East/
North Africa Total
Other
Interests (e)
Developed (a) —Gross (b) 4,626 570 1,344 6,540 —
—Net (c) 3,107 497 562 4,166 27
Undeveloped (d) —Gross (b) 2,230 3,103 35,321 40,654 —
—Net (c) 1,430 2,528 25,798 29,756 (254)
(a) Acres spaced or assigned to productive wells.
(b) Total acres in which interests are held.
(c) Sum of the fractional interests owned based on working interests, or interests under PSCs and other economic arrangements..
(d) Acres on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and gas, regardless of whether
the acreage contains proved reserves.
(e) The amounts reflect the minority interest in a Colombian subsidiary, partially offset by Occidental's share of the amounts applicable from an equity investee in
Yemen.
81
Oil and Natural Gas Sales Volumes and Production Per Day