United States

Anadarko Petroleum Corp (APC)

APC on New York Consolidated

17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Anadarko sets quarterly cash dividend of 5 cents per share
Tuesday, 10 May 2016 05:45pm EDT 

Anadarko Petroleum Corp : Sets quarterly cash dividend of $0.05per share .Anadarko declares dividend.  Full Article

Anadarko Petroleum Corp announces pricing of its tender offer for its 6.375% notes due 2017
Friday, 22 Apr 2016 04:10pm EDT 

Anadarko Petroleum Corp:Says pricing for its previously announced tender offer to purchase for cash its outstanding 6.375% Senior Notes due 2017.Says had increased the aggregate principal amount of Notes it would accept in the offer to $1.3 mln and had accepted for purchase only the Maximum Tender Amount of the principal amount of Notes validly tendered prior to 5:00 p.m., New York City time, on April 21, 2016.  Full Article

Anadarko Petroleum Corp to slash 1,000 jobs - Reuters News
Friday, 11 Mar 2016 11:27am EST 

Anadarko Petroleum Corp:Anadarko Petroleum Corp APC.N plans to cut about 1,000 jobs, a company spokesman told Reuters.The job cuts will be substantially implemented by the end of this month, the company said in a regulatory filing earlier on Friday.Anadarko said the job cuts would cost about $380 million, pre-tax. The company had about 5,800 employees as of Dec. 31, according to its latest filing.  Full Article

Anadarko Petroleum Corp plans to cut 1,200 jobs - BENZINGA.COM - Reuters
Thursday, 3 Mar 2016 01:42pm EST 

Anadarko Petroleum Corp:Anadarko plans to cut 1,200 jobs, release 95% of contractors - BENZINGA.COM - RTRS.  Full Article

Anadarko Petroleum Corp declares reduced dividend
Tuesday, 9 Feb 2016 03:19pm EST 

Anadarko Petroleum Corp:Declares reduced dividend.Says declared a quarterly cash dividend on the company's common stock of 5 cents per share.Says quarterly dividend represents a 22-cent reduction from the prior level of 27 cents per share.Says board will continue to evaluate the appropriate dividend on a quarterly basis.On an annualized basis, dividend action provides approximately $450 million of additional cash available.  Full Article

Anadarko Petroleum Corp - Explosion rocks Anadarko Texas natgas plant, 2 hurt - Reuters
Thursday, 3 Dec 2015 02:22pm EST 

Anadarko Petroleum Corp:An explosion and fire rocked the Ramsey natural gas plant in West Texas on Thursday, injuring at least two people and prompting evacuations, according to a company official and media reports - RTRS.Online video images showed thick black smoke billowing into the sky from the plant in Orla, Texas, owned by Western Gas Partners LP WES.N, a unit of Anadarko Petroleum Corp - RTRS.The fire was contained and natural gas feeds were shut off, Anadarko said - RTRS.Anadarko's master limited partnership (MLP), Western Gas Partners LP WES.S acquired the plant as part of its $1.5 billion deal for Nuevo Midstream LLC in 2014. - RTRS.At the time, the plant included a 300 million cubic feet per day of cryogenic processing complex, with an additional 400 million cubic feet per day of processing capacity that was scheduled to be in service in 2015 - RTRS.Units of Western Gas Partners and shares of its sister company, Western Gas Equity Partners WGP.N, were both down more than 3 percent - RTRS.  Full Article

Anadarko Petroleum Corp ordered to pay $159.5 mln fine for 2010 Gulf spill - Reuters
Tuesday, 1 Dec 2015 01:13pm EST 

Anadarko Petroleum Corp:A federal judge ordered Anadarko Petroleum Corp APC.N to pay a $159.5 million civil fine reflecting its stake in the Gulf of Mexico well where a 2010 blowout caused the largest U.S. offshore oil spill - RTRS.In a decision on Monday, U.S. District Judge Carl Barbier in New Orleans said Anadarko was not at fault for the spill. - RTRS.But he said the company's 25 percent ownership stake in the Macondo well made it part of the "polluting enterprise" responsible for the April 20, 2010, disaster, which included the explosion of the Deepwater Horizon drilling rig and killed 11 workers. - RTRS.The penalty equates to $50 per barrel of oil spilled, well below the maximum $1,100 per barrel, or $3.51 billion, penalty that Barbier could have imposed under the Clean Water Act. - RTRS.A $159.5 million fine "strikes the appropriate balance between Anadarko's lack of culpability and the extreme seriousness of this spill," Barbier wrote in a 34-page decision. - RTRS.The payout may resolve the last major legal uncertainty that Anadarko, which is based in The Woodlands, Texas, faced over the spill. - RTRS.  Full Article

Anadarko Petroleum Corp declares dividend
Tuesday, 3 Nov 2015 03:56pm EST 

Anadarko Petroleum Corp:Declares a quarterly cash dividend on the company's common stock of 27 cents per share.Payable Dec. 23, to stockholders of record at the close of business on Dec. 9.  Full Article

Anadarko Petroleum Corp declares dividend
Tuesday, 4 Aug 2015 03:20pm EDT 

Anadarko Petroleum Corp:Declared a quarterly cash dividend on the company's common stock of 27 cents per share.Payable Sept. 23, to stockholders of record at the close of business on Sept. 9.  Full Article

U.S. Supreme Court rejects BP Plc, Anadarko Petroleum Corp over Deepwater Horizon spill penalties - Reuters
Sunday, 28 Jun 2015 08:00pm EDT 

Anadarko Petroleum Corp:Says U.S. Supreme Court rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill - Reuters.Says high court left in place a June 2014 ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil penalties under the federal Clean Water Act.Says BP could face a maximum penalty of $13.7 billion under the Clean Water Act.Says Anadarko could be required to pay more than $1 billion.Says U.S. District Judge Carl Barbier in New Orleans has not yet imposed penalties, but has ruled that BP was grossly negligent and that 3.19 million barrels of oil were spilled.Says BP and Anadarko owned a respective 65 percent and 25 percent of the Macondo well.Says the companies had argued in part that they should not be responsible for oil spilled as a result of failed equipment on the drilling rig, which was owned by Transocean Ltd.As co-owners of the well, BP and Anadarko would be on the hook for resulting fines, the appeals court ruled.  Full Article

Anadarko Petroleum to sell Texas assets for $2.3 billion

Oil and gas producer Anadarko Petroleum Corporation said on Thursday it would sell its Eagleford Shale assets in South Texas for about $2.3 billion to a strategic 50/50 partnership formed by Sanchez Energy Corporation and asset manager Blackstone Group LP .