Edition:
United States

Anadarko Petroleum Corp (APC)

APC on New York Consolidated

48.35USD
22 Nov 2017
Change (% chg)

$0.33 (+0.69%)
Prev Close
$48.02
Open
$48.39
Day's High
$48.57
Day's Low
$48.13
Volume
5,948,708
Avg. Vol
5,388,550
52-wk High
$73.33
52-wk Low
$39.96

Latest Key Developments (Source: Significant Developments)

Anadarko announces 2018 capital program and sales-volume guidance
Thursday, 16 Nov 2017 07:30am EST 

Nov 16 (Reuters) - Anadarko Petroleum Corp ::Announces 2018 capital program and sales-volume guidance.In 2018, company expects to make capital investments in range of $4.2 to $4.6 billion​​.In 2018, Anadarko plans to allocate approximately $900 million toward upstream activities in Delaware Basin of West Texas​.In 2018, Anadarko plans to allocate additional $500 million directed toward Anadarko Midstream Investments​.During 2018, company plans to average seven operated rigs and six completion crews​.In 2018, Anadarko expects to allocate approximately $1.1 billion toward its Deepwater Gulf of Mexico operations​.Company's exploration investments in 2018 are expected to total about $200 million​.Approximately $150 million is expected to be invested during 2018 as company advances Mozambique LNG project​.Plan to execute remaining $1.5 billion of $2.5 billion share-repurchase program during coming year​.Also modifying metrics in 2018 compensation program​.2018 total sales-volume expectations of 245 MMboe to 255​ MMboe.Sees 2017​ ‍total sales-volume to be 224 MMboe to 228 MMboe.It also plans to average five operated rigs and three completions crews in DJ Basin of Northeast Colorado in 2018​.Plans to operate two floating drillships and spud approximately five development wells in Gulf during 2018.  Full Article

Soros Fund Management takes share stake in GM, Cenovus Energy
Tuesday, 14 Nov 2017 05:18pm EST 

Nov 14 (Reuters) - Soros Fund Management::Ups share stake in Kellogg by 40.6 percent to 382,697 shares - SEC filing.Ups share stake in Amazon.com by 33.3 percent to 10,000 shares.Takes share stake of 100,000 shares in Anadarko.Ups share stake in Kraft Heinz by 48.6 percent to 684,733 shares.Takes share stake of 1.2 million shares in Cenovus Energy.Takes share stake of 185,686 shares in GM.Change in holdings are as of Sept. 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Anadarko to build new regional headquarters at Westridge Commons site
Wednesday, 8 Nov 2017 06:03pm EST 

Nov 8 (Reuters) - KKR & Co LP ::Anadarko to build new regional headquarters at Westridge Commons site.‍Anadarko Petroleum Corporation has selected Westridge Commons as site for its new regional office​.  Full Article

Anadarko CEO doesn't see stable oil price above $60/barrel
Wednesday, 1 Nov 2017 09:24am EDT 

Nov 1 (Reuters) - Anadarko Petroleum Corp :Says every $1 change in oil price CLc1 moves free cash flow by $100 million.Chief Executive Al Walker says doesn't anticipate stable oil price CLc1 above $60/barrel.CEO says 'we see enough reasons to be concerned' oil price could fall back to $45/barrel if OPEC changes current supply deal.  Full Article

Whiting Petroleum names Bradley Holly president and CEO
Tuesday, 24 Oct 2017 04:30pm EDT 

Oct 25 (Reuters) - Whiting Petroleum Corp :Whiting Petroleum Corp names Bradley J. Holly president and chief executive officer.Whiting Petroleum Corp - ‍james Volker to retire as chief executive officer​.Whiting Petroleum Corp - ‍Holly previously served as executive vice president, U.S. onshore exploration and production for anadarko petroleum corporation​.  Full Article

Anadarko boardmember Richard George passed away on Aug 1
Thursday, 3 Aug 2017 04:10pm EDT 

Aug 3 (Reuters) - Anadarko Petroleum Corp :Anadarko Petroleum-member of board Richard L. "Rick" George passed away on Aug. 1 as a result of complications from acute myeloid leukemia​.  Full Article

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

BRIEF-Rowan Co's unit got notice of early termination from Anadarko Petroleum

* Rowan Companies - ‍on Nov 13, co's unit got notice of early termination from Anadarko Petroleum as per co's drilling contract for drillship Rowan Resolute​