Post Tagged with: "Anadarko"

Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million.

Anadarko Accepts Occidental Bid; Chevron May Now Respond

From Bloomberg

Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four …

Vicki A. Hollub, CEO, Occidental Petroleum

Occidental CEO on Verge of Outmuscling a Rival Five Times as Big

From Bloomberg

Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub is on the cusp of winning a David versus Goliath bidding war that has captivated the oil industry.

After making a series of approaches to rival Anadarko Petroleum Corp. about …

May 7, 2019 - 5:32 pm Closing Bell Story‎, Crude Oil News, Energy News
Occidental Says Anadarko’s Fleet of Corporate Jets Has Got to Go

Occidental Says Anadarko’s Fleet of Corporate Jets Has Got to Go

From Bloomberg

Anadarko Petroleum Corp.’s fleet of corporate jets is high on Occidental Petroleum Corp.’s list of things to sell if its takeover bid for the shale explorer succeeds.

Occidental executives racked up more than 11,000 miles (17,700 …

May 7, 2019 - 5:16 pm Closing Bell Story‎, Energy News
Oxy-Anadarko Saga Accelerates

Oxy-Anadarko Saga Accelerates

“We remain perplexed at your apparent resistance to obtaining far more value for Anadarko shareholders” – Oxy CEO Hollub
On earnings call, Hollub calls Anadarko "a generational opportunity"
By Richard Rostad, analyst, Oil & Gas 360

Occidental Petroleum (stock ticker:

What Chevron Stands to Lose If Occidental Wins Bidding War for Anadarko

What Chevron Stands to Lose If Occidental Wins Bidding War for Anadarko

From CNBC

Chevron’s leaders insist the company’s fortunes don’t rely on dealmaking, but the oil major nevertheless has much to lose if it does not prevail in an ongoing battle with Occidental Petroleum to take control of Anadarko

New Mineral Owners Association to Address Permitting War in Wyoming

New Mineral Owners Association to Address Permitting War in Wyoming

Thousands of acres locked up by big companies with no drilling lowers our values, mineral owners say

From the Casper Star-Tribune

Sparked by a permitting war among Wyoming’s oil and gas producers, mineral owners in eastern Wyoming say they are …

Occidental, Chevron Aren’t the Only Deal-Hungry Oil Drillers

Occidental, Chevron Aren’t the Only Deal-Hungry Oil Drillers

From The Wall Street Journal

Occidental Petroleum isn’t alone.

The Houston-based oil driller dug deep to outbid Chevron for rival Anadarko Petroleum by taking an expensive check from Warren Buffett’s Berkshire Hathaway. Others are on the hunt for assets …

May 3, 2019 - 5:32 pm Closing Bell Story‎, Crude Oil News, Energy News
Berkshire To Make $10 Billion Investment In Occidental To Finance Anadarko Bid

Berkshire To Make $10 Billion Investment In Occidental To Finance Anadarko Bid

From The Wall Street Journal

Warren Buffett’s Berkshire Hathaway Inc. agreed to inject $10 billion into Occidental Petroleum Corp.’s bid to acquire Anadarko Petroleum Corp. and fight off Chevron Corp.

Last week, Houston-based Occidental offered to purchase Anadarko for $38 …

U.S. SEC Freezes Assets Over Suspected Insider Trading in Anadarko

U.S. SEC Freezes Assets Over Suspected Insider Trading in Anadarko

From Reuters

The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp.

U.S. District Judge Gregory …

April 29, 2019 - 5:32 pm Closing Bell Story‎, Energy News
Anadarko Board to Consider Occidental Bid

Anadarko Board to Consider Occidental Bid

From Bloomberg

Anadarko Petroleum Corp. plans to resume talks about a potential $38 billion takeover by Occidental Petroleum Corp., a move that threatens to scupper a previously agreed deal with Chevron Corp.

In a unanimous decision, Anadarko’s board of directors …

Anadarko Faces Investor Pressure to Explain Occidental Snub

Anadarko Faces Investor Pressure to Explain Occidental Snub

From Bloomberg

Anadarko Petroleum Corp. is under pressure from investors to explain why it agreed to a takeover offer from Chevron Corp. despite it being substantially lower than Occidental Petroleum Corp.’s $38 billion proposal.

Occidental went public with its …

Occidental May Lack Size But It’s Never Lacked Ambition

Occidental May Lack Size But It’s Never Lacked Ambition

From Bloomberg

Occidental Petroleum Corp.’s $38 billion bid for Anadarko Petroleum Corp. is one of the boldest moves in the 99-year history of a company that has never lacked ambition.

While being meet with skepticism from analysts — who have …

Disruption: Oxy Launches $57-Billion Salvo in Bidding War for Anadarko

Disruption: Oxy Launches $57-Billion Salvo in Bidding War for Anadarko

Offers on the table: $76 per share from Oxy vs $65 from Chevron
By Richard Rostad, analyst, Oil & Gas 360

Dear Anadarko Board: It is unfortunate that you agreed to pay a breakup fee of $1 billion, representing approximately

Anadarko Boosted CEO’s Payout Just Before $33 Billion Chevron Merger

Anadarko Boosted CEO’s Payout Just Before $33 Billion Chevron Merger

From The Wall Street Journal

Anadarko Petroleum Corp., a day before announcing its sale for $33 billion, sweetened the payout its top executives can reap in the event of a deal by millions of dollars, according to a compensation firm’s …

Aftershocks from Chevron-Anadarko: Experts Discuss What’s Next for U.S. Oil Companies

Aftershocks from Chevron-Anadarko: Experts Discuss What’s Next for U.S. Oil Companies

ConocoPhillips, Oxy, Apache, Noble Energy are the cleanest comps in upstream energy – John Gerdes

Permian pure-plays Pioneer, Concho and Diamondback have the assets but will be tougher deals to do while trading at a premium to their peers –

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

For now, Wall Street has turned off the shale funding spigot 

By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst

Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer …

Chevron Mega-Deal Highlights the Revival of American Energy

Chevron Mega-Deal Highlights the Revival of American Energy

From Bloomberg

For all the ink spilled over climate change and the global energy transition, the world’s biggest energy companies are focusing on where it all began: American oil.

Chevron Corp.’s $33 billion acquisition of Anadarko Petroleum Corp., announced …

Which Companies are Attractive Enough to be the Next Oil Patch M&A Targets?

Which Companies are Attractive Enough to be the Next Oil Patch M&A Targets?

Oxy was actively looking, others are likely considering acquisitions
By Richard Rostad, analyst, Oil & Gas 360

The logical question after a major oil and gas M&A deal like Chevron’s (ticker: CVX) announced acquisition of Anadarko Petroleum (ticker: APC) last

Making History: Third-Largest U.S. Oil & Gas Transaction Wakes Up U.S. E&P

Making History: Third-Largest U.S. Oil & Gas Transaction Wakes Up U.S. E&P

Breaking down the numbers
By Richard Rostad, analyst, Oil & Gas 360

Chevron (ticker: CVX) uprooted the eerily quiet U.S. exploration and production M&A landscape today when it announced it had agreed to acquire Anadarko Petroleum (ticker: APC).

The total

Source: Southwestern Energy

Occidental Bid More Than $70 A Share For Anadarko And Is Now Considering Options: CNBC

From CNBC

There was another bid for Anadarko Petroleum, the oil and gas explorer which Chevron said it was buying for $65 a share in cash and stock on Friday.

Occidental Petroleum bid more than $70 a share for …

April 12, 2019 - 6:01 pm Closing Bell Story‎, Crude Oil News, Energy News
Anadarko CEO Could Get $64 Million Payout After Chevron Deal

Anadarko CEO Could Get $64 Million Payout After Chevron Deal

From Bloomberg

Anadarko Petroleum Corp. Chairman and Chief Executive Officer Al Walker may not have a role once his company is purchased by Chevron Corp., but he will have some money.

Walker’s employment agreement entitles him to walk away with …

April 12, 2019 - 6:00 pm Closing Bell Story‎, Energy News
Shell to Sell Interest in Gulf of Mexico Caesar-Tonga Asset to Delek for $965 Million

Shell to Sell Interest in Gulf of Mexico Caesar-Tonga Asset to Delek for $965 Million

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek

South Korea Tests U.S. Super Light Oil as Iran Waiver Uncertainty Escalates: Reuters

South Korea Tests U.S. Super Light Oil as Iran Waiver Uncertainty Escalates: Reuters

From Reuters

South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep buying oil from the Middle Eastern nation, sources …

Islamist Militants Stage Deadly Attack On Anadarko Mozambique Site

Islamist Militants Stage Deadly Attack On Anadarko Mozambique Site

From Bloomberg

An attack on an Anadarko Petroleum Corp. convoy in Mozambique was one of multiple raids that took place Thursday in an area where companies plan to develop $50 billion of liquefied natural gas projects, according to two people …

February 22, 2019 - 5:30 pm Closing Bell Story‎, Energy News
Anadarko signs 20-year LNG deal with Indonesia’s Pertamina

Anadarko signs 20-year LNG deal with Indonesia’s Pertamina

Anadarko signs 20-year LNG deal with Indonesia’s Pertamina

February 19, 2019 - 9:16 am Closing Bell Story‎, LNG, Press Releases
Anadarko Announces LNG Sale and Purchase Agreement with Bharat

Anadarko Announces LNG Sale and Purchase Agreement with Bharat

Anadarko Announces LNG Sale and Purchase Agreement with Bharat

February 15, 2019 - 6:00 am Closing Bell Story‎, Natural Gas News, Press Releases
Shale Companies Learned Some Lessons in 2018, U.S. Hydrocarbon Output a Global Force in 2019: NAPE Founder

Shale Companies Learned Some Lessons in 2018, U.S. Hydrocarbon Output a Global Force in 2019: NAPE Founder

NAPE on track for another 12,000 attendees

At the oil and gas industry’s annual mega-get together, the NAPE Expo in Houston, some of the energy sector’s most thoughtful leaders gave their views on where things stand in the oil and

Anadarko Says Full Speed Ahead

Anadarko Says Full Speed Ahead

Not changing November’s 2019 spending guidance: $4.5 billion with 70 percent going to shale
By Richard Rostad, analyst, Oil & Gas 360

Anadarko Petroleum (ticker: APC) announced fourth quarter results today, showing net income of $102 million, or $0.21 per

Anadarko Secures 1.5 MTPA LNG Sale and Purchase Agreement With CNOOC

Anadarko Secures 1.5 MTPA LNG Sale and Purchase Agreement With CNOOC

Anadarko Announces LNG Sale and Purchase Agreement With CNOOC

February 1, 2019 - 5:00 am Closing Bell Story‎, LNG, Press Releases
Anadarko Reveals 2019 Capital Plan

Anadarko Reveals 2019 Capital Plan

Bulk earmarked for shale, company expects lower spending than 2018
Anadarko Petroleum (stock ticker: APC) announced its 2019 capital program and guidance today, outlining the next year’s spending plan for the company.

Anadarko expects to spend $4.3 to $4.7 billion