Anadarko

Encana’s Anadarko Basin Well Costs Cut $1M Since Mid-February, Says CEO

Encana Corp.’s well costs in the Anadarko Basin have fallen by about $1 million since it completed the Newfield Exploration Co. merger in February, with a “line of sight to significantly more savings” in the months ahead, the Calgary-based independent said Tuesday.

April 30, 2019

Anadarko Resuming Merger Negotiations with Oxy

Anadarko Petroleum Corp. said Monday it is going back to the table to discuss a mega-merger with Occidental Petroleum Corp. (Oxy), even though it has a definitive agreement with Chevron Corp. that includes a $1 billion breakup fee.

April 29, 2019

Anadarko Volumes Climb with Bidding War Underway

Anadarko Petroleum Corp., now caught in an expensive bidding war between Chevron Corp. and Occidental Petroleum Corp., reported its first quarter oil, natural gas and natural gas liquids volumes totaled 64 million boe, or around 715,000 boe/d.

April 26, 2019

Chevron Open to Revamping Anadarko Deal to More Cash, Less Stock

Chevron Corp. increased its upstream oil and natural gas volumes by 7% during the first three months of the year, but investors Friday were more keen for details about the potential takeover of Anadarko Petroleum Corp.

April 26, 2019
Oxy Ups Ante for Anadarko with 20% Premium to Chevron’s Offer

Oxy Ups Ante for Anadarko with 20% Premium to Chevron’s Offer

Houston-based Occidental Petroleum Corp. (Oxy) on Wednesday took Chevron Corp. to the mat for Anadarko Petroleum Corp. with a cash-and-stock offer estimated to be a 20% premium to the supermajor’s bid earlier this month.

April 24, 2019

Chevron-Oxy Tug of War for Anadarko Called ‘Virtually Unprecedented’ for E&P Sector

Financial analysts on Wednesday said the bidding war for Anadarko Petroleum Corp. by Chevron Corp. and Occidental Petroleum Corp. was unheard of in the exploration and production (E&P) sector.

April 24, 2019
Oxy’s ‘Friendly’ Anadarko Bid Centered Around Permian, Shale Value

Oxy’s ‘Friendly’ Anadarko Bid Centered Around Permian, Shale Value

Houston-based Occidental Petroleum Corp.’s (Oxy) $57 billion counter bid to acquire Anadarko Petroleum Corp. out from under Chevron Corp., which CEO Vicki Hollub said remained a friendly, not hostile offer, is based on the value of its Lower 48 properties, particularly the Permian Basin.

April 24, 2019
Chevron, Anadarko Beyond ‘Just a Shale Deal,’ as Global Options Expand

Chevron, Anadarko Beyond ‘Just a Shale Deal,’ as Global Options Expand

Chevron Corp. announced a $33 billion merger with Anadarko Petroleum Corp. to create the No. 1 U.S. producer with a plethora of expanded natural gas and oil opportunities worldwide.

April 12, 2019
Chevron Slaps Down $33B in Anadarko Takeover

Chevron Slaps Down $33B in Anadarko Takeover

Chevron Corp. agreed Friday to buy one of the largest independents in the world, Anadarko Petroleum Corp., in a $33 billion deal that expands its armada in the U.S. onshore, deepwater Gulf of Mexico (GOM) and in the liquefied natural gas (LNG) export business.

April 12, 2019

Chevron-Anadarko Tie-Up to Rival ExxonMobil, Create No. 1 U.S. Producer, Say Analysts

Chevron Corp.’s takeover of Anadarko Petroleum Corp. is likely to “shake up the U.S. upstream sector” and create an operator that domestically would rival ExxonMobil Corp., analysts said Friday.

April 12, 2019
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