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Anadarko Petroleum Corp (APC.N)

APC.N on New York Stock Exchange

45.12USD
3:56pm EDT
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$-0.60 (-1.31%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Anadarko Petroleum plans to use cash stockpile on midstream projects
Tuesday, 25 Jul 2017 09:57am EDT 

July 25 (Reuters) - Anadarko Petroleum Corp :Chief Executive Al Walker says has earmarked $6 billion cash stockpile for midstream and related opportunities.CEO says upstream projects should need to grow through cash flow.Anadarko Petroleum says timing for final investment decision on Mozambique LNG project will be dictated by market conditions.Anadarko Petroleum says oilfield service costs outside Delaware Basin are flat or down.Anadarko Petroleum says has six fracking crews operating in Delaware Basin currently.  Full Article

Anadarko announces Q2 loss per share $0.76
Monday, 24 Jul 2017 04:05pm EDT 

July 24 (Reuters) - Anadarko Petroleum Corp :Anadarko announces second-quarter 2017 results.Q2 loss per share $0.76.Q2 earnings per share view $-0.36 -- Thomson Reuters I/B/E/S.Anadarko Petroleum Corp - Qtrly sales volume of oil, natural gas and natural gas liquids (NGLS) 57 million boe, or an average of 631,000 boe per day​.Reducing level of investments by $300 million for full year.Anadarko Petroleum Corp - Qtrly total revenue $2,716 million versus $1,915 million.Anadarko Petroleum - Adjusting FY sales-volume guidance to reflect recent divestitures and deferred production associated with Colorado response.Anadarko Petroleum Corp sees Q3 total sales volume 630 — 652‍​ mboe/d.Anadarko Petroleum Corp sees FY total sales volume ‍​633 — 644 mboe/d.Anadarko petroleum corp - sees q3 apc capital expenditures $ 1,100 million to $1,200 million.Still expecting to exit year at around 150,000 barrels of oil per day from delaware and DJ Basins combined.Anadarko Petroleum Corp - Sees 2017 APC capital expenditures $4,200 million to $4,400 million.Anadarko Petroleum - Current market conditions require lower capital intensity given volatility of margins realized in this operating environment.Anadarko Petroleum Corp - ‍net cash provided by operating activities in Q2 of 2017 was $857 million​.Q2 revenue view $2.34 billion -- Thomson Reuters I/B/E/S.Anadarko Petroleum Corp - ‍still expecting to average approximately 130,000 barrels of oil per day in deepwater gulf of mexico for FY​.  Full Article

Wildhorse Resource Development announces strategic acquisition of Eagle Ford Properties
Thursday, 11 May 2017 06:05am EDT 

May 11 (Reuters) - Wildhorse Resource Development Corp :Press release - wildhorse resource development corporation announces strategic acquisition of eagle ford properties.Wildhorse resource development corp - deal for $625 million.Wildhorse resource development corp - raised estimated full-year 2017 production guidance range to 27.0 - 31.0 mboe/d from 23.0 - 27.0 mboe/d.Wildhorse resource development corp - q1 2017 estimated production of approximately 17.6 mboe/d consisting of 49% oil, 41% natural gas and 10% ngls.Wildhorse resource development - deal consideration is $625 million including approximately $556 million of cash to apc and 6.3 million shares of wrd common stock.Wildhorse resource development- in conjunction with deal, carlyle group to purchase $435 million of series a perpetual convertible preferred stock from wrd.Wildhorse resource development corp - updated 2017 capex guidance has been increased to $550 - $675 million.Wildhorse resource development corp - drilling program has also increased by 10 gross wells to between 100 - 120 gross spuds in 2017.Wildhorse resource development corp - remainder of acquisition price is to be funded by borrowings under wrd's revolving credit facility.Wildhorse resource development corp - number of gross wells brought online has increased by 5 wells to between 85 and 105 gross wells in 2017.Wildhorse resource development corp - announced acquisition will also increase working interest of 2017 and 2018 development programs.  Full Article

Anadarko declares dividend
Wednesday, 10 May 2017 04:09pm EDT 

May 10 (Reuters) - Anadarko Petroleum Corp :Anadarko declares dividend.Sets quarterly cash dividend of $0.05per share.  Full Article

Anadarko issues statement regarding Firestone accident
Tuesday, 2 May 2017 05:18pm EDT 

May 2 (Reuters) - Anadarko Petroleum Corp :Anadarko issues statement regarding Firestone accident.Provides statement regarding Frederick-Firestone Fire Protection District's results of investigation into accident in firestone.Says "Last week we shut in our vertical wells in oak meadows area and throughout basin".Will also continue to work with Colorado Oil and Gas Conservation Commission on additional steps or actions agency deems necessary.  Full Article

Anadarko Petroleum reports Q1 loss per share $0.58
Tuesday, 2 May 2017 04:16pm EDT 

May 2 (Reuters) - Anadarko Petroleum Corp :Anadarko announces first-quarter 2017 results.Q1 loss per share $0.58.Q1 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Anadarko Petroleum qtrly sales volume of oil, natural gas and natural gas liquids (ngls) totaled 72 million boe, or an average of 795,000 boe per day.Anadarko Petroleum Corp - qtrly total revenues $3,767 million versus $1,674 million.Anadarko Petroleum Corp sees Q2 total sales volumes 57-59 mmboe; sees FY total sales volumes 235-239 mmboe.  Full Article

Anadarko issues statement regarding Colorado operations
Wednesday, 26 Apr 2017 05:30pm EDT 

April 26 (Reuters) - Anadarko Petroleum Corp -:Anadarko issues statement regarding Colorado operations.Says provided statement regarding home explosion and fire in firestone, colo., that occurred on april 17.Anadarko Petroleum Corp - it has taken proactive measures to shut in all vertical wells across counties in northeast colorado where it operates.Anadarko Petroleum - wells will remain shut in until company's field personnel can conduct additional inspections and testing of associated equipment.Says anadarko currently anticipates investigation process will take two to four weeks, depending on weather.Anadarko Petroleum Corp - shut wells currently account for total production of about 13,000 net barrels of oil equivalent per day.  Full Article

Oceaneering announces Anadarko Constellation umbilical contract
Thursday, 6 Apr 2017 07:01am EDT 

Oceaneering International Inc : Oceaneering announces Anadarko Constellation umbilical contract . Oceaneering International Inc - secured a contract from Anadarko Petroleum Corporation . Oceaneering International Inc - contract to supply umbilical for Anadarko's Constellation subsea tieback in U.S. Gulf of Mexico . Oceaneering International Inc - Oceaneering plans to design and manufacture umbilical at its facility in Panama City, Florida .Oceaneering International Inc - umbilical is expected to be tied back to Anadarko's constitution spar.  Full Article

Anadarko announces 2017 initial capital program and guidance
Tuesday, 7 Mar 2017 04:05pm EST 

Anadarko Petroleum Corp : Anadarko announces 2017 initial capital program and guidance . Announced 2017 initial capital program of $4.5 to $4.7 billion . Anadarko Petroleum Corp - expected 25-percent increase in oil sales volumes in 2017 relative to prior year . Anadarko Petroleum-in 2017, plan to allocate about 80 percent of total capital program toward our U.S. Onshore upstream and midstream activities . Expect current 2017 U.S. Onshore capital allocation to deliver significant oil growth toward end of year . Anadarko Petroleum Corp - in 2017, Anadarko expects to invest approximately $1.1 billion in its deepwater gulf of Mexico, Algeria and Ghana assets . Anadarko Petroleum- during year, plans to drill up to 10 exploration/appraisal wells in deepwater gulf of Mexico, Côte D'ivoire, and Colombia . Anadarko Petroleum - in 2017, expects to invest about $770 million in its deepwater and international exploration program and LNG project in Mozambique . Expects to benefit from a full year of production from recently acquired Freeport-Mcmoran properties .Anadarko Petroleum Corp - sees 2017 initial sales-volume expectations 235 - 239 mmboe.  Full Article

Western Gas Partners appoints Benjamin Fink CEO
Monday, 13 Feb 2017 06:30am EST 

Western Gas Partners Lp : Says Benjamin m. Fink has been named president and ceo . Western gas partners lp - effective today benjamin m. Fink has been named president and CEO . Western gas partners lp - Don Sinclair, in anticipation of his ultimate retirement, has stepped down from his wes and wgp officer positions . Western gas partners lp - Sinclair will continue to serve as senior advisor to anadarko and partnerships . Western gas partners lp - fink also will replace Sinclair as a director of partnerships .Western gas partners lp - Craig W. Collins has been named svp, operations and chief operating officer of partnerships.  Full Article

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Oil rallies 3 percent as U.S. shale shows signs of slowdown

NEW YORK Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.