Subject: Re: Buffett Goofed...
"The other choice would be to occasionally make huge cash infusions into the company so they can buy more reserves (hopefully at prices that generate huge cash returns) while milking all of the cash out of it." - Me

"How huge could the borrowing requirements be? I think OXY only has total debt of $27B or so. Maybe they use internal cash flow to finance the new reserves?" - Mark

They purchased CrownRock for $12.4 billion. Most people would consider that to be a huge slug of cash.