Anadarko Petroleum Corp. said Tuesday its fourth-quarter profit more than doubled from a year ago, lifted largely by the sale of its Canadian subsidiary.
The independent oil and gas producer earned $1.92 billion, or $4.13 per share, in the October-December period, up from $874 million, or $1.87 a share, a year earlier.
Revenue climbed to $3.18 billion [...]
Anadarko Petroleum Corporation announced it has agreed to sell its interests in certain natural gas properties in Oklahoma and Texas to EXCO Resources, Inc. for $860 million. The sale is effective Jan. 1, 2007.
“We are very pleased with the progress we have made with our asset sales program and debt reduction. In the [...]
Anadarko Petroleum Corp. said Friday it sold natural gas properties to Exco Resources Inc. for $860 million in cash as part of a plan to reduce debt associated with two major acquisitions last year.
According to the company, the proceeds push total income from recent asset sales to $9 billion since Anadarko closed its acquisitions of [...]
Anadarko Petroleum Corp., the oil and natural-gas producer that made $22.5 billion in acquisitions last year, said Monday it expects to lay off “at least” 500 people as it sells assets and refocuses operations.
The job cuts would occur by May 30, according to a letter from Preston Johnson, vice president of Human Resources, filed [...]
Anadarko Petroleum Corp. announced Wednesday the sale of its oil field interests in the Elk Basin and Gooseberry area, primarily located in Park County, Wyo., to Encore Acquisition Co., an oil and gas producer, for $400 million.
The sale also includes the Elk Basin Gas Plant and the Clear Fork Pipeline Co., an oil and natural [...]
Oil and gas explorer Anadarko Petroleum Corp. enjoyed sizable profits this year, bolstered by higher gasoline prices and blockbuster acquisitions, but its stock lagged because of higher debt.
The Woodlands, Texas-based company, with a market capitalization of $20.07 billion, goes up against larger competitors like BP PLC, ConocoPhillips, and Exxon Mobil Corp. in the exploration, development, [...]
PRB Energy, Inc. announced closing of the previously announced transaction involving the acquisition of 13 wells, consisting of 12 gas wells and one water disposal well, and approximately 330,000 net acres in northeast Colorado and southwest Nebraska for $11.7 million in cash. The production and future development activities are in the Niobrara formation. As previously [...]
Following last week’s sale of its Canadian subsidiary and a successful debt issuance, Anadarko Petroleum Corp. has announced plans to sell additional international assets, including its Mackenzie Delta and other Canadian arctic properties.
According to a Dow Jones MarketWatch report, Anadarko said in a news release that it is “actively marketing” the Canadian properties, along with [...]
Older oil fields, shunned by the giants of the industry, are turning into big business for a batch of smaller firms. NGP Energy Capital Management, ATP Oil & Gas and Whiting Petroleum are getting enough crude to fuel nine million cars a day from fields that BP and Exxon Mobil had given up for [...]
