Anadarko Petroleum Corp. on Friday said it will sell about 30% of its worldwide oil and gas fields — all located onshore in the United States — to a private Dallas-based producer for $850 million in cash plus interests in two oil and natural gas fields in Wyoming. Although the sale involves a large amount of acreage, the assets accounted for only 4% of year-end 2003 reserves and 7% of Anadarko’s current production.
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Anadarko Collects $850M, Plus Wyoming Prospects for Scattered U.S. Acreage
Anadarko Petroleum Corp. on Friday said it will sell about 30% of its worldwide fields — all located onshore in the United States — for $850 million in cash and interests in two oil and natural gas fields in Wyoming to a private Dallas-based producer. Although the sale involves a large amount of acreage, the assets accounted for only 4% of year-end 2003 reserves and 7% of current production.
September 13, 2004
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