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.
Anadarko
Articles from Anadarko
NGI The Weekly Gas Market Report
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.
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.
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.
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.
NGI The Weekly Gas Market Report
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.
NGI The Weekly Gas Market Report
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.
NGI The Weekly Gas Market Report
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.
NGI The Weekly Gas Market Report
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.
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.