Deals - Acquisition, Mergers, Divestitures
Anadarko Announces $1.3B in Asset Sales for 1Q16
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Anadarko Petroleum Corporation announced it has closed or signed agreements to monetize approximately $1.3 billion of assets since the beginning of the year.
The monetizations include the forward sale of future royalty income from its natural soda ash interest, the divestiture of its East Chalk asset, and the sale of its interest in the Maverick Basin gathering system.
Anadarko Chairman, President and CEO Al Walker said: "These monetizations continue our track record of actively managing our portfolio. Consistent with that, we have identified other significant asset monetization opportunities that we will continue to actively pursue during the year. Our actions to date, which include significantly lowering our 2016 capital spending, improving our cost structure, sharply reducing the…
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