Anadarko Petroleum Corp.
Transactions
Occidental, Anadarko Petroleum Make It Official With Merger Agreement
Occidental, Anadarko Petroleum Make It Official With Merger Agreement
Japan’s Inpex Acquires US Gulf Of Mexico Assets From Anadarko
Japan’s Inpex Acquires US Gulf Of Mexico Assets From Anadarko
Occidental Petroleum Agrees To $8.8 Billion Sale Of Anadarko’s African Assets
Occidental Petroleum Agrees To $8.8 Billion Sale Of Anadarko’s African Assets
Chevron, Anadarko Petroleum $33 Billion Megadeal Rocks Upstream Landscape
Chevron, Anadarko Petroleum $33 Billion Megadeal Rocks Upstream Landscape
Anadarko To Sell Pipeline, Storage Assets For $4 Billion
Anadarko To Sell Pipeline, Storage Assets For $4 Billion
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New Financings
Announced the pricing terms of its previously announced cash tender offer for up to $500 million combined…
The company's board of directors has authorized an expansion of the company's share-repurchase…
Authorized a $500-million increase to its $2.5 billion share-repurchase program, bringing the total…
Anadarko's board of directors authorized a $2.5 billion share-repurchase program. The authorization…
Priced a public offering of 35.25 million common shares. Underwriter J.P. Morgan Securities LLC received…
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News
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
E&P Highlights: Jan. 22, 2024
Here’s a roundup of the latest E&P headlines, including FIDs for the Victory and Winterfell fields and new technology updates.
Delayed GoM Oil, Gas Lease Sale Fetches $382MM in Winning Bids
After wrangling in Congress, court battles and three reschedules, Lease Sale 261’s results were announced in what appears to be the most expensive lease sale in nearly a decade.
Which Occidental Assets Will Hit Chopping Block After $12B CrownRock Deal?
After weeks of market speculation, Occidental announced plans to acquire private E&P CrownRock LP for $12 billion, adding core Midland Basin inventory and more upside from deeper zones underground.
Blockbuster Bonanza
A half-century of massive deals, eye-popping purchase prices and larger-than-life characters have reshaped the global energy landscape as we know it.
Silencing the Doubters: Occidental CEO Vicki Hollub Lauded for Anadarko Deal
Four years after acquiring Anadarko Petroleum, Occidental CEO Vicki Hollub has proved her critics wrong, and she credits the deal with carrying the company through the depths of the pandemic.
Deepwater Roundup: Americas
Here is a roundup of some of the major deepwater projects across the globe. The third in a four-part series, Hart Energy details projects scheduled to come online in the Americas from 2022 through mid-decade.
Chevron Dominates Long-awaited GoM Lease Sale
High bids increased by $72 million in the first GOM sale in two years.
Best of This Week’s Drilling Activity Highlights (Dec. 10, 2021)
In this week’s best of activity highlights, results were announced from offshore finds in Guyana, Netherlands and Gabon and new Wolfcamp-Delaware Basin discoveries in West Texas.
Top E&Ps Report Worst Capex, Revenue Performance in 2020, Study Shows
The top 50 U.S. E&Ps saw their capex drop 60% and revenue down 33%, while impairment charges hit $66.6 billion, EY’s latest study showed.
Occidental Adopts “Poison Pill” After Icahn Raises Stake To About 10%
The billionaire investor has been waging a bitter battle with Occidental’s board over its $38 billion acquisition of Anadarko Petroleum, calling it a misplaced bet based on expectations of higher oil prices.
Top 2019 Trends: Stop-and-Go Year For E&P Deal-making
“The A&D market has been stop-and-go,” said Hart Energy’s Associate Managing Editor Emily Patsy as she went through the ups and downs of A&D headlines from this past year.
Western Midstream Names New CEO, COO
The company also announced changes to the board of directors and has appointed Glenn M. Vangolen, currently senior VP of Occidental, chairman of the board, replacing Benjamin M. Fink effective immediately.
Occidental Completes Anadarko Petroleum Acquisition
Rivals, Occidental and Anadarko Petroleum, had agreed to the transaction, valued at $55 billion (including debt), in May following a bidding war with Chevron.
Anadarko Petroleum Beats Estimates On Higher Output
Anadarko Petroleum’s second-quarter net loss was $1.03 billion, or $2.09 per share, including the $1 billion termination fee to Chevron and merger-related costs.