Last $109.79 USD
Change Today -1.21 / -1.09%
Volume 361.1K
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As of 10:34 AM 07/25/14 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


s. During 2013, Anadarko also expanded its infield gathering-system capacity from 350 million cubic feet per day (MMcf/d) to approximately 600 MMcf/d with the completion of a new gas compression facility. In addition, three oil stabilization trains were added with an oil capacity of 75 thousand barrels per day (MBbls/d). Delaware Basin: The company holds an interest in approximately 602,000 gross acres in the Delaware basin. Its 2013 drilling activity primarily targeted the liquids-rich Bone Spring formation, the Avalon shale, and the developing Wolfcamp shale play. In 2013, Anadarko spud 74 operated wells and participated in 36 nonoperated wells. The company had two operated rigs drilling in the Bone Spring formation, three operated rigs drilling in the Avalon shale, and six operated rigs drilling in the Wolfcamp shale at year-end 2013. East Texas/North Louisiana: In 2013, the company operated 7 rigs and drilled 76 wells in the Haynesville and Cotton Valley formations. Marcellus: In the Marcellus shale of the Appalachian basin, where the company holds 773,000 gross acres, 61 operated horizontal wells were spud using a fleet average of 3 rigs during the year. The company also participated in drilling an additional 51 nonoperated horizontal wells in 2013. Gulf of Mexico: In the Gulf of Mexico, the company owns an average 63% working interest in 444 blocks. The company operates 6 active floating platforms, holds interests in 29 producing fields, and is in the process of delineating and developing 2 additional fields. The company drilled and completed a fourth development well at Caesar/Tonga, which began producing in the first quarter of 2014. It purchased an additional 11.25% interest in Power Play during the year, bringing its total working interest to 56.25%. Appraisal: The company participated in drilling successful appraisal wells associated with three Gulf of Mexico discoveries: Shenandoah, Coronado, and Vito. The company-operated Shenandoah-2 well (30% working interest) reached total depth in 2013, encountering approximately 1,000 net feet of oil pay in multiple Lower Tertiary reservoirs. During 2013, the company participated in the appraisal sidetrack at Coronado, which defined the down-dip extent of the accumulation discovered earlier in the year. Alaska: The company’s oil production and development activity in Alaska is concentrated primarily on the North Slope. International The company’s international oil and natural-gas production and development operations are located in Mozambique, Algeria, Ghana, and China. The company also has exploration acreage in Ghana, Mozambique, Brazil, Liberia, Sierra Leone, Kenya, CÔte d’Ivoire, China, New Zealand, Colombia, South Africa, and other countries. Mozambique: The company operates two blocks (one onshore and one offshore) totaling approximately 5.7 million gross acres. Development In February 2014, the company sold a 10% working interest in Rovuma Offshore Area 1 in Mozambique. Exploration In 2013, the company made additional discoveries in Mozambique at Espadarte and Orca. The Espadarte exploration well targeted an exploration play in the Miocene and the up-dip extent of the Oligocene-aged reservoirs found at the Golfinho-Atum field. Algeria: The company is engaged in production and development operations in Algeria’s Sahara Desert in Blocks 404 and 208, which are governed by a Production Sharing Agreement between Anadarko, two other parties, and Sonatrach, the national oil and gas company of Algeria. The company produces oil through the Hassi Berkine South and Ourhoud central processing facilities in Block 404 and oil, condensate, and NGLs through the El Merk central processing facility in Block 208. The company drilled 10 development wells in 2013 and expects to drill 10 to 12 additional development wells in 2014. Ghana: The company’s production and development activities in Ghana are located offshore in the West Cape Three Points Block and the Deepwater Tano Block. During 2013, the company and its partners completed four additional wells in the Jubilee field (24% nonoperated unit interest), which spans both the West C


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