Anadarko Petroleum Corp. is divesting “Phase 1” of its Canadian properties to a subsidiary of Calgary-based Advantage Energy Income Fund for $142 million. The package holds an estimated 9.9 MMboe of proved reserves and current net production of 4,500 boe/d (net after royalties).
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Anadarko Sells off Piece of Canadian Properties for $142M
In another asset sale in less than a week, Anadarko Petroleum Corp. on Tuesday announced an agreement to divest “Phase 1” of its Canadian properties to a subsidiary of Calgary-based Advantage Energy Income Fund for $142 million. The package holds an estimated 9.9 MMboe of proved reserves and current net production of 4,500 boe/d (net after royalties).
August 25, 2004