In connection with its acquisitions of Kerr-McGee and Western Gas Resources in August, Anadarko Petroleum Corp. has hedged about 75% of the acquired oil and gas volumes through 2008, including hedges existing prior to the acquisitions. Anadarko announced its deal to acquire the companies in June (see Daily GPI, June 26).

As of Sept. 11, hedges in place totaled about 229,000 boe/d for the fourth quarter of 2006, 195,000 boe/d for 2007 and 169,000 boe/d for 2008. These hedges represent approximately 85%, 72% and 63% of the acquired oil and gas volumes, respectively. The acquired properties produced about 270,000 boe/d of oil and gas in the second quarter.

Natural gas hedges in place:

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