Deals

Anadarko Has Approached Apache About Takeover Offer

Oil firm rejected unsolicited offer, is working with Goldman
Deal would be biggest for independent U.S. producer in 2015

Contractors work in the control room at an Anadarko Petroleum Corp. oil rig site in Fort Lupton, Colorado on Aug. 12, 2014.
Photographer: Jamie Schwaberow/Bloomberg

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By Matthew Monks, Ed Hammond, and Dinesh Nair

November 10, 2015 at 5:26 PM UTC

Updated on

November 11, 2015 at 5:01 AM UTC

This article is for subscribers only.

Anadarko Petroleum Corp. approached Apache Corp. about a combination that would be the largest for an independent U.S. oil and gas producer this year, according to people familiar with the matter.

Such a deal would create an explorer that pumps more crude than OPEC member Ecuador.