Anadarko

Natural gas and oil operators on Thursday made headway in digging out from nearly a week of torrential rains and flash flooding that has claimed lives and property throughout the Front Range of Colorado. Two oil spills related to Anadarko Petroleum Corp.’s operations were getting the major attention of industry and state officials as they continued to make post-storm assessments of the impact of historic flooding.

Some of the pieces, albeit uneven, were being put back in place Tuesday by natural gas and oil operators that have felt the sting of the torrential rains and flash flooding that has claimed lives and property throughout the Front Range of Colorado.

Chesapeake Energy Corp. is restructuring in more ways than one, with more layoffs expected across the nationwide organization.

Torrential rains and widespread flooding in Colorado that have resulted in loss of life and more than 1,000 people missing are also having a significant impact on natural gas utilities, exploration and production (E&P) companies and gas pipelines.

An acquisition of acreage and production in the Anadarko Basin last spring is paying off for Midstates Petroleum Co. Inc., according to the company’s operations update released Wednesday. The news cheered investors, who lifted Midstates shares more than 14% Wednesday.

Tens of thousands of acres in Utah if leased for oil and gas exploration could generate hundreds of millions of dollars for the state’s schoolchildren. But Gov. Gary Herbert said a decision to lease land to Anadarko Petroleum Corp. should be reconsidered as the acreage could have even more value if managed differently.

Two of Anadarko Petroleum Corp.’s operations executives have left the company to join their former Anadarko colleague, Doug Lawler, who took over in June as CEO of Chesapeake Energy Corp.

Anadarko Petroleum Corp. is setting the wheels in motion to accelerate U.S. onshore drilling following the $2.64 billion cash sale for part of its offshore Mozambique natural gas project.

The Wyoming Oil and Gas Conservation Commission (OGCC) has assessed $1,000 fines against two producers, units of Anadarko Petroleum Corp. and Samson Resources Co., for flaring prohibited amounts of associated natural gas at the wellhead beyond an agreed-to deadline.