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Anadarko Petroleum Corporation

Company Summary

Description

Anadarko is among the world’s largest independent oil and natural gas exploration and production companies, with 2.06 BBOE of proved reserves at year-end 2015. Anadarko's strategy focuses on: - Explore in high-potential, proven basins - Identify and commercialize resources - Employ global business development approach - Ensure financial discipline and flexibility

Website

http://www.anadarko.com/About/

Operational Regions

  • Gulf of Mexico
  • Wattenberg Field
  • Marcellus Shale
  • Eagle Ford
  • Maverick Basin
  • East Texas/Louisiana
  • Haynesville-Bossier Shale
  • Permian Basin
  • Delaware Basin
  • Wolfcamp
  • Woodbine/Eaglebine
  • Uinta Basin
  • Greater Natural Buttes
  • Powder River Basin
  • Green River Basin
  • Washakie Basin
  • Africa
  • South America

Financial Data:

NYSE:APC from Google Finance

Tickers:

  • APC - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Atlantic Sunrise Pipeline
Firm Commitment: 44,048 Dth/d

Project: Red Bluff Express Pipeline
Firm Commitment: 0

Asset: Midland to ECHO Crude Oil Pipeline System
Firm Commitment: 0

Project: Cactus II Pipeline
Firm Commitment: 0

Recent news

  • 2/11/2020 - Occidental Expects to... (subscriber access)
  • 1/13/2020 - Oxy's Costless Oil Hedge... (subscriber access)
  • 1/9/2020 - Oxy Initiating Layoff... (subscriber access)
  • 11/25/2019 - Carl Icahn Reportedly... (subscriber access)
  • 11/6/2019 - Total Researching... (subscriber access)

Investor Presentations

  • 4Q18 Operations Report
  • 2018 BoA Merrill Lynch Conference - 2019 Guidance (subscriber access)
  • 3Q18 Operations Report (subscriber access)
  • 2Q18 Operations Report (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • 1Q18 Operations Report (subscriber access)
  • Fourth Quarter 2017 Operations Report (subscriber access)
  • Fourth Quarter 2017 Earnings Slides (subscriber access)
  • 3Q17 Operations Report (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • 2Q17 Operations Report (subscriber access)
  • 1Q17 Investor Report (subscriber access)
  • 1Q17 Operations Report (subscriber access)
  • 2017 Capital Spending and Production Guidance (subscriber access)
  • Investor Presentation - March 2017 (subscriber access)
  • 4Q16 Earnings Presentation (subscriber access)
  • 3Q16 Operations Report (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • 2Q16 Investor Presentation (subscriber access)
  • UBS Global Oil & Gas Conference - May 2016 (subscriber access)
  • 1Q16 Review (subscriber access)
  • 1Q16 Operations Report (subscriber access)
  • Howard Weil Conference March 2016 - Appendix (subscriber access)
  • Howard Weil Conference March 2016 (subscriber access)
  • 4Q15 Earnings Call (subscriber access)

Company Transactions

Date: 12/31/2019
Type: Acquisition

NOTES:
Occidental delivered a letter to Anadarko setting forth the terms of a superior proposal by Occidental to acquire Anadarko for $76.00 per share consisting of 78% cash and 22% stock.
REGIONS:
  • DJ Basin
  • Permian Basin
  • Gulf of Mexico
  • International
  • Date: 12/31/2019
    Type: Acquisition

    NOTES:
    Occidental has signed a contingent deal with Total to sell them Anadarko's assets in Africa for $8.8 billion if Oxy's bid to purchase Anadarko is completed. The assets include projects in Algeria, Ghana, Mozambique and South Africa and proceeds would cover a portion of the cash consideration proposed by Occidental.
    REGIONS:
  • Africa
  • Date: 9/30/2019
    Type: Acquisition

    BUYERS:
  • Total SA
  • DETAILS:

    COST: 3.9 $B

    VOLUMES: 26.5 Percent

    NOTES:
    Total closed the $3.9 billion acquisition of a 26.5% operating stake in the Mozambique LNG project.
    REGIONS:
  • Africa
  • Date: 3/31/2019
    Type: Acquisition

    DETAILS:

    COST: 4.015 $B

    NOTES:
    Acquired Permian Basin assets include DBM Oil Services (100% interest), APC Water Holdings (100% interest), the Bone Spring Gas Plant (50% non-operated interest), and the MiVida Gas Plant (50% non-operated interest.) DH Basin assets include the DJ Basin Oil System and the Wattenberg Plant. Additionally, the deal includes a 20% non-op stake in Saddlehorn Pipeline, a 15% non-op stake in Panola Pipeline and a 100% stake in the Wamsutter Pipeline.
    REGIONS:
  • Permian Basin
  • DJ Basin
  • Lower 48
  • Date: 3/30/2019
    Type: Acquisition

    DETAILS:

    COST: 24 $MM

    NOTES:
    Anadarko spent $24 million on March 20, 2019, for U.S. Gulf of Mexico oil and gas leases.
    REGIONS:
  • Gulf of Mexico
  • Date: 6/4/2018
    Type: Acquisition

    ASSETS:
  • Alpine Pipeline
  • DETAILS:

    COST: 400 $MM

    VOLUMES: 13.86 MBOE/d

    ACRES: 264000 Acres

    NOTES:
    ConocoPhillips has entered into a deal with Anadarko to acquire its 22% share of the Western North Slope of Alaska (1.2 million gross acres, 264,000 net) and interest in the Alpine Pipeline
    REGIONS:
  • North Slope
  • Date: 5/2/2018
    Type: Acquisition

    NOTES:
    Production for the Ram Powell field averaged approximately 6,100 barrels of oil equivalent per day during 2017. The Ram Powell TLP is located in 3,200 feet of water in Viosca Knoll Area, Block 956, and is capable of processing 60,000 barrels of oil per day and 200 million cubic feet of gas per day.
    REGIONS:
  • Gulf of Mexico
  • Date: 12/31/2017
    Type: Acquisition

    DETAILS:

    COST: 350 $MM

    VOLUMES: 16 MBOE/d

    NOTES:
    Anadarko has entered into a deal to divest its Moxa asset in southwestern Wyoming for $350 million by year-end 2017.
    REGIONS:
  • Rockies
  • Date: 9/30/2017
    Type: Acquisition

    DETAILS:

    ACRES: 5000 Acres

    NOTES:
    During the third quarter, Devon added 5,000 acres through acreage swaps
    REGIONS:
  • Delaware Basin
  • Date: 6/30/2017
    Type: Acquisition

    DETAILS:

    COST: 625 $MM

    VOLUMES: 7.58 MBOE/d

    ACRES: 111000 Acres

    NOTES:
    Approximately 111,000 net acres (95% held by production) in Burleson, Brazos, Lee, Milam, Robertson, and Washington Counties next to WRD’s existing acreage position Approximately 7.6 MBoe/d of net production for fourth quarter 2016 consisting of approximately 72% oil and 89% liquids from 68 Eagle Ford, 299 Austin Chalk, 19 Buda/Georgetown operated wells 949 net Eagle Ford locations and 22.9 MMBoe of proved developed producing reserves (73% oil and 88% liquids)
    REGIONS:
  • Eagle Ford
  • Date: 3/31/2017
    Type: Acquisition

    NOTES:
    Williams Partners sold each of them half of its 33 1/3 percent interest in Ranch Westex JV LLC, owner of the Bone Springs gas processing plant in the Delaware Basin, for a total of $45 million in cash ($22.5 million each).
    REGIONS:
  • Delaware Basin
  • Date: 3/31/2017
    Type: Acquisition

    DETAILS:

    COST: 1.24 $B

    VOLUMES: 470 Mmcf/d

    ACRES: 195000 Acres

    REGIONS:
  • Marcellus Shale
  • Date: 3/2/2017
    Type: Acquisition

    DETAILS:

    COST: 2.1 $B

    VOLUMES: 66.83 MBOE/d

    ACRES: 155000 Acres

    NOTES:
    Anadarko entered an agreement to sell 155,000 net acres in Dimmit and Webb counties, TX. The assets to be divested were producing 45.0 Mbbls/d of liquids and 131 MMcf/d of natural gas at the end of the fourth quarter of 2016.
    REGIONS:
  • Eagle Ford
  • Date: 12/15/2016
    Type: Acquisition

    DETAILS:

    COST: 2 $B

    VOLUMES: 80 MBOE/d

    NOTES:
    Anadarko entered into a definitive agreement to acquire the deepwater Gulf of Mexico assets of Freeport McMoRan Oil & Gas for $2.0 billion.
    REGIONS:
  • Gulf of Mexico
  • Date: 11/17/2016
    Type: Acquisition

    DETAILS:

    COST: 1 $B

    VOLUMES: 171 Mmcf/d

    NOTES:
    The acquired assets include Carthage upstream and midstream assets in the Haynesville Shale play. CCI will now own over 160,000 net acres in East Texas with daily net production of 320 MMcfe/d.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 9/30/2016
    Type: Acquisition

    DETAILS:

    VOLUMES: 28 Mmcf/d

    NOTES:
    Sale of the Companies Hugoton Assets
    REGIONS:
  • Midcontinent
  • Date: 9/30/2016
    Type: Acquisition

    DETAILS:

    VOLUMES: 1 M Bbls/d

    NOTES:
    Sale of the Companies Hearne Assets
    REGIONS:
  • Texas and Producing Region
  • Date: 9/30/2016
    Type: Acquisition

    DETAILS:

    VOLUMES: 39 Mmcf/d

    NOTES:
    Sale of the Company's Elm Grove Assets
    REGIONS:
  • East Texas/Louisiana
  • Date: 6/30/2016
    Type: Acquisition

    DETAILS:

    COST: 105 $MM

    NOTES:
    Sale of the Company's East Chalk assets
    REGIONS:
  • Austin Chalk
  • Date: 3/15/2016
    Type: Acquisition

    NOTES:
    Anadarko also announced an agreement with Western Gas Partners, LP (NYSE: WES), whereby WES will acquire a 100-percent interest in Springfield Pipeline LLC, from Anadarko for $750 million. Springfield's sole asset is a 50.1-percent interest in the Maverick Basin gathering system, located in Dimmit, La Salle, Maverick and Webb counties in South Texas. The transaction is expected to close by March 15, 2016, subject to applicable regulatory approvals and other contractual conditions.
    REGIONS:
  • Eagle Ford
  • Date: 2/23/2016
    Type: Acquisition

    DETAILS:

    COST: 420 $MM

    NOTES:
    On Feb. 23, 2016, Anadarko closed an agreement, under which it sold a portion of its future royalties associated with existing soda ash and coal leases in Sweetwater County, Wyo., to a third party for $420 million.