Anadarko Said to Shop Assets in Wyoming, E. Texas and Louisiana

Anadarko Petroleum Corp., the third-largest U.S. gas producer, is in the process of selling assets in Wyoming, East Texas and Louisiana as part of its plan to raise $3 billion, people with knowledge of the matter said.

The explorer, based in Woodlands, Texas, is working with different financial advisers to find buyers for each batch of assets, which could fetch $300 million to $600 million apiece, said the people, who asked not to be identified because the information is private.