Analysis of Anadarko Petroleum Corp.

0 Comments | M2 Presswire, December, 2006

M2 PRESSWIRE-13 December 2006-Oil and Gas News: Analysis of Anadarko Petroleum Corp.(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:13122006 Anadarko Petroleum (NYSE:ACP) has ventured beyond its original area of operation -- the Anadarko Basin -- to explore for, develop, produce, and market oil, natural gas, natural gas liquids, and related products worldwide.

The large independent company has proved reserves of 1.1 billion barrels of crude oil and 7.9 trillion cu. ft. of natural gas, more than half of which are in the US (Alaska, Louisiana, Texas, the midcontinent and Rocky Mountain regions, and the Gulf of Mexico). Other activities include coal, trona, and mineral mining. In 2006 Anadarko acquired Kerr McGee for $16.4 billion and Western Gas Resources for $4.7...