The decision leaves Occidental as a victor in a race that once again demonstrated the attractiveness of the American shale. The decision also means Chevron…
Anadarko
Cramer Hating on Buffet? Calls the Berkshire, Occidental’s Deal ill-advised
Occidental revealed this week that Berkshire has committed to invest $10 billion in the company to help fund its proposed acquisition of Anadarko. Berkshire would…
OXY Sees so much synergies in Anadarko Petroleum – Wants some of that synergie
OXY has joined the race to acquire Anadarko Petroleum APC. Occidental’s offer is far more lucrative than the proposal made by Chevron Corporation CVX earlier…
Anadarko Operational Actions after settlement
As we previously shared on this website, shortly after the accident, in an abundance of caution, we shut-in more than 3,000 operated vertical wells in the DJ Basin. The wells remained shut-in until we were able to complete additional inspections and testing of the lines associated with each wellhead and surface equipment. Our comprehensive inspections on all of our vertical wells consisted of a 25-step process. To date we have returned to service more than 1,350 of the shut-in vertical wells, and we have plugged and abandoned approximately 600 vertical wells. The remaining shut-in wells are awaiting further evaluation, retro-fit equipment installation or abandonment.
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Anadarko expects to invest $950 million in the ‘DJ Basin’ northeast Colorado
In the DJ Basin of northeast Colorado, where the company has more than 2 billion BOE of net resources within its development area, Anadarko expects to invest approximately $950 million on upstream activities in 2018. Read more