Anadarko Petroleum Corporation operates as an independent exploration and production company. The company had approximately 2.1 billion barrels of oil equivalent of proved reserves as of December 31, 2015. The company’s asset portfolio includes the U.S. onshore resource plays in the Rocky Mountains, the southern United States, the Appalachian basin, and Alaska. The company is an independent producer in the deepwater Gulf of Mexico, and has exploration and production activities worldwide, including activities in Algeria, Ghana, Mozambique, Colombia, CÔte d’Ivoire, New Zealand, Kenya, and other countries. Segments The company operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. Oil and Gas Exploration and Production This segment explores for and produces oil, condensate, natural gas, and natural gas liquids (NGLs); and plans for the development and operation of the company’s liquefied natural gas (LNG) project in Mozambique. The United States The company’s U.S. operations include oil and natural-gas exploration and production in the onshore Lower 48 states, deepwater Gulf of Mexico, and onshore Alaska. Rocky Mountains Region (Rockies) The company’s Rockies properties include oil and natural-gas plays located in Colorado, Utah, and Wyoming, where the company operates approximately 11,000 wells and owns interests in approximately 4,000 nonoperated wells. The company operates fractured-carbonate/shale reservoirs and tight-gas assets within the region. The company also has fee ownership of mineral rights under approximately 8 million acres that pass through Colorado and Wyoming and into Utah (known as the Land Grant). In 2015, activities in the Rockies primarily focused on production and adding reserves through horizontal drilling, infill drilling, and optimizing both wellbore and completion design. The company drilled 447 wells and completed 390 wells in the Rockies during 2015, primarily in the Wattenberg field, which is expected to be a focus area for the company in 2016. Wattenberg: The company operates approximately 5,000 vertical wells and 1,000 horizontal wells in the Wattenberg field. The field contains the Niobrara and Codell formations, which are naturally fractured formations that hold both liquids and natural gas. During 2015, the company’s drilling program focused entirely on horizontal development, drilling 365 horizontal wells. Greater Natural Buttes: The Greater Natural Buttes area in eastern Utah is one of the company’s major tight-gas assets. The company uses cryogenic processing facilities in this area to extract NGLs from the natural-gas stream. The company operates approximately 2,900 wells in the area and drilled 60 wells in 2015. Powder River Deep: The company drilled a three-well exploration/appraisal program targeting the Turner formation. Additionally, a farm-out agreement was reached during 2015, whereby the company might be carried in approximately three deep horizontal tests to further evaluate multiple oil objectives. The farm-in party has the option to earn up to 40,000 net acres of the company’s position. The company controls approximately 325,000 acres of deep mineral rights within the Powder River basin. Laramie County: The company holds ownership in approximately 100,000 mineral-interest acres in this emerging liquids-rich play in the northern DJ basin in Wyoming. In 2015, the company participated in approximately 70 nonoperated wells testing the Niobrara and Codell formations. Greater Green River Basin: The company operates approximately 1,400 wells in the Wamsutter and Moxa fields. The company also carries a nonoperated position in 2,600 wells across the 2 fields. Much of this producing area is located within the Land Grant, which improves the company’s economics in projects in the area. The company reached a farm-out agreement in July 2015, whereby the company would be fully carried on various exploration wells testing a liquids-rich opportunity located on the Land Grant. Southern and Appalachia Region The company’s Southern and Appalachia Region properties are primarily located in Texas, Pen
anadarko petroleum corp (AAZ:Frankfurt)
1201 Lake Robbins Drive
The Woodlands, TX 77380-1046
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