Houston-based Occidental Petroleum Corp. and Western Midstream Partners LP (WES) are looking for ways to deliver low-carbon oil and natural gas products from their existing portfolios in Colorado and Texas.

Occidental Petroleum

Oxy, as it is known, and WES plan to explore carbon dioxide (CO2) capture projects in the Permian and the Denver-Julesburg (DJ) basins, according to a letter of intent (LOI). 

“This collaboration further strengthens the long-standing relationship between Oxy and WES,” said WES CEO Michael Ure. “WES and Oxy are uniquely positioned to continue leveraging our extensive asset base to satisfy growing global energy demand while creating a world-class carbon capture management system.”

“Additionally, we’re excited about the potential to expand our service offerings to...