Last $88.88 USD
Change Today -1.10 / -1.22%
Volume 1.7M
As of 12:28 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1201 Lake Robbins Drive

The Woodlands, TX 77380

United States

Phone: 832-636-1000

Fax:

Anadarko Petroleum Corporation operates as an independent exploration and production company. The company had approximately 2.8 billion barrels of oil equivalent of proved reserves, as of December 31, 2013. Segments The company’s three segments include Oil and Gas Exploration and Production, Midstream, and Marketing. Oil and Gas Exploration and Production This segment explores for and produces natural gas, crude oil, condensate, and natural gas liquids (NGLs), and plans for the development and operation of the Company’s liquefied natural gas (LNG) project. United States The company’s U.S. operations include oil and natural-gas exploration and production onshore in the Lower 48 states, the deepwater Gulf of Mexico, and onshore Alaska. Rocky Mountains Region: The company’s Rocky Mountains Region (Rockies) properties include oil and natural-gas plays located in Colorado, Utah, and Wyoming. It operates approximately 13,200 wells and owns an interest in approximately 9,500 nonoperated wells in the Rockies. Anadarko operates fractured-carbonate/shale reservoirs, tight-gas assets, coalbed-methane (CBM) natural-gas assets, and enhanced oil recovery (EOR) projects within the region. The company also has fee ownership of mineral rights under approximately 8 million acres that pass through Colorado, Wyoming, and into Utah (known as the Land Grant). The company drilled 707 wells and completed 658 wells in the Rockies during 2013. Wattenberg: The Wattenberg field is a liquids-rich area where Anadarko operates approximately 5,240 wells. The field contains the Niobrara and Codell naturally fractured formations that hold liquids and natural gas. During 2013, the company’s drilling program focused entirely on horizontal development, drilling 335 horizontal wells. The company has identified approximately 4,000 potential drilling locations in the Niobrara and Codell formations that are expected to provide substantial opportunity for Anadarko’s continued activity. Greater Natural Buttes: The company utilizes both refrigeration and cryogenic processing facilities in this area to extract NGLs from the natural-gas stream. The company operates approximately 2,800 wells in the Greater Natural Buttes area, drilled 223 wells in 2013. The company identified approximately 1,800 potential locations in the Wasatch/Mesaverde formations. Powder River Deep: The company drilled 14 horizontal wells in the Powder River basin during 2013. The company controls approximately 350,000 acres of deep rights within the Powder River basin. Coalbed Methane Properties: The company operates approximately 2,200 CBM wells and owns an interest in approximately 4,200 nonoperated CBM wells in the Rockies, primarily located in the Powder River basin in Wyoming and the Helper and Clawson fields in Utah. The company controls approximately 640,000 acres of shallow rights within the Powder River basin. Salt Creek and Monell: During 2013, the company continued the development of its Rockies EOR assets at the Salt Creek and Monell fields in Wyoming. The company’s EOR operations use carbon dioxide to stimulate oil production from mature reservoirs after primary and water-flood recovery methods have been completed. Greater Green River Basin: The company operates approximately 1,400 wells in the Wamsutter and Moxa fields and carries a nonoperated position in 3,400 wells between the 2 fields. In January 2014, Anadarko sold its interest in the Pinedale/Jonah assets in Wyoming. Southern and Appalachia Region: The company’s Southern and Appalachia Region properties are primarily located in Texas, Pennsylvania, Louisiana, and Kansas. The company holds an interest in approximately 4.2 million gross acres throughout the Southern and Appalachia Region. The region includes the Eagleford shale in South Texas, the Marcellus shale in north-central Pennsylvania, the Delaware basin in West Texas, and the Haynesville shale in East Texas and Louisiana. The company drilled 593 operated horizontal wells and brought 533 wells online in 2013. Eagleford: The company holds 388,000 gross acres in this area. During 2013, the company operated an average of 9 rig

 

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