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Some oil producers see the crude price drop as an opportunity to buy acreage cheaply from distressed peers.
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Denver, Colorado-based QEP said last year it would spend $600 million to buy acreage in the prolific basin.
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Callon Petroleum said in April it would spend about $220 million to buy acreage, primarily in Howard County.
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Perhaps at Icahn's prodding, Chesapeake recently promised shareholders it would stop spending billions to buy acreage and cut its debt.
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However, to offset dropping production at home, Statoil had aggressively bought acreage internationally.
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He bought acreage property in the vicinity of Canal Street.
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With no more California purchases expected, Chazen said Oxy is still buying acreage in West Texas.
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Canadian weed giant Canopy Growth Corp WEED.TO agreed to buy Acreage Holdings Inc ACRGu.CD for $3.4 billion if the federal legalization occurs.