Anadarko

Permian Declines Lead BHGE’s U.S. Rig Count Lower

Permian Declines Lead BHGE’s U.S. Rig Count Lower

The U.S. rig count dropped two units to finish at 988 for the week ended May 10, including a decline in Permian Basin activity, according to data from Baker Hughes, a GE Company (BHGE).

May 10, 2019
Oxy Commits to Buy Anadarko with Eye on Permian Growth

Oxy Commits to Buy Anadarko with Eye on Permian Growth

Houston-based Occidental Petroleum Corp. late Thursday snagged a definitive agreement to acquire Anadarko Petroleum Corp., ending a month-long saga that led Chevron Corp. with withdraw.

May 10, 2019
Oxy Apparent Winner in Anadarko War as Chevron Surrenders

Oxy Apparent Winner in Anadarko War as Chevron Surrenders

Chevron Corp. said Thursday it would not make a counterproposal to a substantial offer to acquire Anadarko Petroleum Corp., which would appear to give Occidental Petroleum Corp. a global oil and natural gas prize.

May 9, 2019
Chevron Cedes to Oxy, Ends Tug-of-War for Anadarko

Chevron Cedes to Oxy, Ends Tug-of-War for Anadarko

Occidental Petroleum Corp. (Oxy) appeared willing to pay a substantial premium to acquire Anadarko Petroleum Corp. and its vast holdings in the Permian Basin, at least more than Chevron Corp. was willing to, after the supermajor withdrew from the bidding war Thursday.

May 9, 2019
Anadarko Agrees to Oxy Offer, with Onus on Chevron to Ante Up

Anadarko Agrees to Oxy Offer, with Onus on Chevron to Ante Up

Anadarko Petroleum Corp.’s board is awaiting a decision by Chevron Corp. to boost the terms of its takeover offer after indicating late Monday that it may agree to take the increased bid by Occidental Petroleum Corp. (Oxy).

May 7, 2019
Howard Energy Expanding Reach with Natural Gas Gathering System in Oklahoma’s STACK

Howard Energy Expanding Reach with Natural Gas Gathering System in Oklahoma’s STACK

Howard Energy Partners on Tuesday said it has an agreement with an undisclosed producer to construct, own and operate a natural gas gathering system across 10,000 acres of Central Oklahoma.

May 7, 2019
Oxy Boosts Anadarko Offer, Gets Total on Board to Buy Natural Gas-Heavy Assets in Africa

Oxy Boosts Anadarko Offer, Gets Total on Board to Buy Natural Gas-Heavy Assets in Africa

Occidental Petroleum Corp. (Oxy) on Sunday substantially increased its offer to take over Anadarko Petroleum Corp., and if completed, it already has an agreement in hand with Total SA to sell $8.8 billion of natural gas-rich African assets, including Anadarko’s proposed export project in Mozambique.

May 6, 2019

Oxy Exceeds Production Guidance, Lifted by Permian

Occidental Petroleum Corp. (Oxy), in a battle with Chevron Corp. to buy Anadarko Petroleum Corp., said Monday it exceeded the high end of production guidance during the first quarter as output from its No. 1 target, the Permian Basin, continued to climb.

May 6, 2019

Anadarko ‘Raffle’ May Herald More Industry Consolidation, Says BDO Expert

The days of not having much new to talk about in the oil and gas industry came to an abrupt halt last month after Chevron Corp. slapped down a bid to buy Anadarko Petroleum Corp., followed shortly thereafter by Occidental Petroleum Corp. (Oxy) raising the stakes to take the prize.

May 3, 2019

Roan Evaluating Multiple Offers for Potential Sale or Merger

Oklahoma City-based Roan Resources Inc. said it has formed a board committee to evaluate a potential sale or merger after receiving multiple unsolicited offers.

May 2, 2019