Anadarko

Anadarko Petroleum Corp. (APC) on Wednesday increased its 2007 full-year production guidance for the third time this year — this time by 2 million boe — to 193 million boe.

A leaner Anadarko Petroleum Corp. (APC) is on track to meet its oil and natural gas production targets this year and boost output in 2008 by 5-9%, the CEO said Tuesday.

FERC late Thursday assessed civil penalties totaling $7.3 million in approving settlements of two separate enforcement matters involving BP Energy Co. and Anadarko Petroleum Corp. subsidiary MGTC Inc. The penalties against BP coincided with a sweeping action by the Environmental Protection Agency, the Commodity Futures Trading Commission and the Department of Justice, also on Thursday.

Anadarko Petroleum Corp. (APC) wants to sell its stakes in 155 producing wells on about 100,000 gross acres in the Washakie Basin of Wyoming and the Sand Wash Basin of Colorado. Total production for the fields, which are 96% weighted to natural gas, averaged 39.4 MMcfe/d net in the first seven months of the year, which is equal to nearly 5% of APC’s daily gas production in the Rockies in 2Q2007.

Anadarko Petroleum Corp. (APC) wants to sell its stakes in 155 producing wells on about 100,000 gross acres in the Washakie Basin of Wyoming and the Sand Wash Basin of Colorado. Total production for the fields, which are 96% weighted to natural gas, averaged 39.4 MMcfe/d net in the first seven months of the year, which is equal to nearly 5% of APC’s daily gas production in the Rockies in 2Q2007.

DCP Midstream Partners LP completed the acquisition of certain natural gas gathering and compression assets in Oklahoma from Anadarko Petroleum Corp. for $180.3 million in cash, subject to customary adjustments (see Daily GPI, March 8).

Anadarko Petroleum Corp. (APC), which has been selling off noncore North American properties since it bought Kerr-McGee Corp. and Western Gas Resources last year, last week sold a group of Central and East Texas natural gas-weighted assets to several buyers for $750 million. Only one buyer, EV Energy Partners LP (EVEP), was disclosed.

Anadarko Petroleum Corp. (APC), which has been shedding noncore North American properties since it bought Kerr-McGee Corp. and Western Gas Resources last year, on Monday sold a group of Central and East Texas natural gas-weighted assets to several buyers for $750 million. Only one buyer, EV Energy Partners LP (EVEP), was disclosed.

PetroSales announced a new oil and gas divestment package including 7,465 net acres under lease in the Anadarko Basin of Oklahoma. Reserves include six oil and gas properties and 14 possible drilling locations, plus facilities including gathering and production equipment. Antares Energy Co. retained PetroSales to conduct a negotiated divestiture of these assets. As an Australian company venturing into the United States, Antares and its partners first acquired the acreage in 2004, drilling four wells including two redrills of undeveloped and unproduced Morrow discoveries. Antares has elected to divest all of its interests, which are in Ellis and Beaver Counties, OK, and Lipscomb County, TX, and focus on its present core area of operations along the Texas Gulf Coast. The combined gross production averaged over the three months ending Dec. 31, 2006, was 1,648 Mcf/d of natural gas and 74 b/d of crude with net production of 536 Mcf/d of gas and 23 b/d of crude. Antares’ net operating income has averaged $118,175 per month. Active zones from the company’s six wells include the Lower Morrow gas sand, the Upper Des Moines oil sand, the Atoka condensate sand and the Tonkawa sand. Additional behind pipe potential has been identified in the Des Moines on two wells, and also 14 possible drilling locations to test the Morrow, Atoka, Des Moines, Cleveland and Tonkawa potential on their acreage. Recent horizontal drilling in the Cleveland formation nearby has yielded flow rate up to 1200 b/d of oil with 3.3 MMcf/d of gas resulting in a significant increase in reserves for this play, PetroSales said. Offers have been requested by March 23. See www.petrosales.com to download an offering summary.