Receives Near-term Debt Relief by Extending Credit Maturities Anadarko Petroleum (ticker: APC) provided a fourth quarter update prior to the opening of the market on December 17, 2015, highlighting news from its drilling program and adjustments to its credit facilities. The Woodlands-based company announced the renewal of its $2 billion, 364-day credit facility to a new maturity in January 2017,
Targeting production of 24 Tcf of natural gas, Anadarko and other project concessionaires agree on operating natural gas fields offshore Mozambique Anadarko Petroleum Corp. (ticker: APC) announced today that it reached an agreement with concessionaires in its Offshore Area 1 Mozambique natural gas field, as well as the concessionaires of Offshore Area 4, operated by Eni’s (ticker: E) East Africa
Signs point to Anadarko offer coming in well below what Apache would consider Anadarko Petroleum Corp. (ticker: APC) announced today that it will retract its unsolicited offer for an all-stock purchase of Apache Corp. (ticker: APA). Anadarko Chairman, President and CEO Al Walker said today that the offer was rejected, “and no discussion of substance occurred,” prompting APC to back
Latest action from energy M&A front line Apache Corporation (ticker: APA) rejected an unsolicited bid of $18 billion over the weekend, according to a report from Bloomberg. Apache has not commented on the report, but the company is said to be working with Goldman Sachs Group Inc. on a defense strategy. The development is the latest chapter in an energy
Anadarko announces 50 new wells within Fort Lupton city limits Colorado’s Wattenberg Field has been a serious investment for oil and gas major Anadarko (ticker: APC), with the company more than doubling year-over-year production from its horizontal drilling program in 2013 and 2014, according to APC. Anadarko holds approximately 350,000 net acres in the Wattenberg and estimates it hold 1-1.5
Anadarko Announces Public Offering of 6,500,000 WGP-Linked Tangible Equity Units, and Public Secondary Offering of 2,000,000 of its WGP Common Units Anadarko Petroleum Corporation (APC) today announced the registered underwritten public offering (the TEU offering) of 6,500,000 tangible equity units (TEUs), with a stated amount per TEU of $50, and the concurrent registered public offering (the WGP secondary offering) of
Over 25,000 acres of federal forest land auctioned in recent BLM sale In its largest oil and gas lease sale in Colorado since 2008, the Bureau of Land Management (BLM) sold 73 parcels totaling 32,962 acres for $32.1 million last Thursday. The highest per-acre price was for a 1,919-acre parcel in Weld County, sold to Ironhorse Resources for $10,100 per
