When Occidental Petroleum (NYSE:OXY) spins off its California oil and gas assets into its own company later this year, it will remove a very large part of the company's production base. If you are an investor in Occidental, you don't need to worry about this too much. Not only does Occidental have some pretty solid assets to work from once California is let go, this past quarter the company's management believes this will significantly boost the company's overall return for investors. 

With political issues in several countries where Occidental has operations today, its production base is pretty much based in two areas: The Permian Basin of West Texas and the Southeastern part of the Middle East in the United Arab Emirates and Oman. Find out what you can expect from these two regions long term by tuning into the video below. 

America's $600 billion energy problem means invest in these three stocks today
A dark specter is looming that is ready to stop America's Energy boom right in its tracks, and no one is talking about it. This one critical element could cost us over $600 billion, but every day we wait that number grows and grows. The U.S. government thinks investment in this sector is so important, even the Internal Revenue Service will give you a free pass if you invest in this select group of stocks. Our analysts at The Motley Fool have combed over this special class of stocks and we have identified three that could make you rich! Find out the names of these IRS-gift-wrapped stocks in our special report "3 Stocks The IRS Is Begging You to Buy." Simply click here and we'll give you free access to this valuable investing resource. 

Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool.

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